Ballentine Partners LLC Buys 349 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ballentine Partners LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,346 shares of the Internet television network’s stock after acquiring an additional 349 shares during the period. Ballentine Partners LLC’s holdings in Netflix were worth $4,501,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO boosted its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. Finally, AlphaMark Advisors LLC grew its position 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Evercore ISI raised their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Argus boosted their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, KeyCorp raised their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Price Performance

Netflix stock opened at $754.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $322.54 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The firm has a 50-day moving average of $703.23 and a two-hundred day moving average of $657.75. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 229,711 shares of company stock valued at $153,905,830. Corporate insiders own 1.76% of the company’s stock.

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.