Waldron Private Wealth LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Waldron Private Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,210 shares of the Internet television network’s stock after buying an additional 125 shares during the period. Waldron Private Wealth LLC’s holdings in Netflix were worth $2,277,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new stake in shares of Netflix in the 2nd quarter worth $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. lifted its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. AlphaMark Advisors LLC increased its position in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock valued at $153,905,830 over the last quarter. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday. Loop Capital increased their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Rosenblatt Securities boosted their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim upped their price target on Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, China Renaissance initiated coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $747.70.

Netflix Stock Performance

Shares of Netflix stock traded down $9.27 during trading hours on Tuesday, reaching $762.80. The company’s stock had a trading volume of 2,360,629 shares, compared to its average volume of 3,727,877. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company’s 50 day simple moving average is $699.16 and its 200 day simple moving average is $656.21. The stock has a market cap of $328.77 billion, a P/E ratio of 53.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.