Family Investment Center Inc. Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Family Investment Center Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 530 shares of the Internet television network’s stock, valued at approximately $376,000.

Several other institutional investors have also recently bought and sold shares of the business. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. grew its holdings in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Netflix by 642.9% during the second 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 last quarter. Triad Wealth Partners LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $38,000. Finally, Summit Securities Group LLC bought a new position in Netflix in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NFLX shares. Pivotal Research lifted their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Canaccord Genuity Group upped their price objective on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Barclays reissued an “underweight” rating and set a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Price Performance

NASDAQ NFLX opened at $759.30 on Monday. 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 company has a market cap of $327.26 billion, a PE ratio of 52.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 52 week low of $399.41 and a 52 week high of $773.00. The firm’s 50-day simple moving average is $706.67 and its two-hundred day simple moving average is $659.88.

Insider Buying and Selling

In other Netflix news, 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 transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated 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 owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 229,711 shares of company stock valued at $153,905,830. Company insiders own 1.76% of the company’s stock.

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.