Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 488 shares of the Internet television network’s stock after purchasing an additional 29 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Netflix were worth $346,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New World Advisors LLC grew its position in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Park Edge Advisors LLC lifted its stake in Netflix by 2.2% in the 3rd quarter. Park Edge Advisors LLC now owns 1,988 shares of the Internet television network’s stock valued at $1,410,000 after buying an additional 42 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Netflix by 3.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,366 shares of the Internet television network’s stock valued at $5,224,000 after buying an additional 256 shares during the last quarter. Carret Asset Management LLC increased its position in Netflix by 1.5% during the third quarter. Carret Asset Management LLC now owns 1,183 shares of the Internet television network’s stock worth $839,000 after buying an additional 18 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in shares of Netflix by 17.1% in the third quarter. Financial Management Professionals Inc. now owns 301 shares of the Internet television network’s stock worth $213,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the sale, the chairman now directly owns 57 shares in the company, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now owns 57 shares in the company, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,711 shares of company stock valued at $153,905,830. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.0 %

Shares of Netflix stock traded up $0.13 during trading hours on Friday, hitting $754.68. 2,819,473 shares of the company’s stock traded hands, compared to its average volume of 3,721,664. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00. The company has a market cap of $322.60 billion, a PE ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $706.67 and a 200-day simple moving average of $659.59.

Analyst Ratings Changes

A number of analysts recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Rosenblatt Securities boosted their price objective on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Argus raised their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley boosted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, UBS Group raised their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

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.