WealthPlan Investment Management LLC Buys 90 Shares of Netflix, Inc. (NASDAQ:NFLX)

WealthPlan Investment Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,829 shares of the Internet television network’s stock after purchasing an additional 90 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Netflix were worth $1,297,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during 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 last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. Finally, First Personal Financial Services bought a new position in shares of Netflix in the third quarter valued at approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Benchmark reiterated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Citigroup boosted their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. UBS Group boosted 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. Finally, Redburn Atlantic upped their price objective on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Stock Performance

Shares of NFLX stock opened at $805.44 on Tuesday. The firm has a market capitalization of $344.29 billion, a PE ratio of 45.58, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a 50 day moving average price of $723.63 and a 200-day moving average price of $673.70. Netflix, Inc. has a 52 week low of $442.60 and a 52 week high of $806.82. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 1,372 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,437 shares of company stock worth $146,229,378. 1.76% of the stock is owned by company insiders.

Netflix Company Profile

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.