Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Cedrus LLC

Cedrus LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,781 shares of the Internet television network’s stock after acquiring an additional 15 shares during the period. Cedrus LLC’s holdings in Netflix were worth $1,263,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NFLX. RFG Advisory LLC boosted its stake in shares of Netflix by 24.7% in the first quarter. RFG Advisory LLC now owns 2,292 shares of the Internet television network’s stock valued at $1,392,000 after purchasing an additional 454 shares during the period. Congress Asset Management Co. MA boosted its stake in shares of Netflix by 6.6% in the first quarter. Congress Asset Management Co. MA now owns 18,885 shares of the Internet television network’s stock valued at $11,469,000 after purchasing an additional 1,174 shares during the period. Mountain Pacific Investment Advisers Inc. ID purchased a new position in shares of Netflix in the first quarter valued at $243,000. Salem Investment Counselors Inc. boosted its stake in shares of Netflix by 7.3% in the first quarter. Salem Investment Counselors Inc. now owns 2,502 shares of the Internet television network’s stock valued at $1,520,000 after purchasing an additional 170 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Netflix in the first quarter valued at $371,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Argus increased their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Finally, Pivotal Research increased their price objective on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Stock Up 11.1 %

NFLX stock opened at $763.89 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a fifty-two week low of $392.26 and a fifty-two week high of $766.28. The firm’s 50-day simple moving average is $696.38 and its 200 day simple moving average is $654.94. The stock has a market cap of $329.24 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $3.29 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,167 shares of company stock valued at $150,492,460. Company insiders own 1.76% of the company’s stock.

Netflix 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.