Dakota Wealth Management Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dakota Wealth Management boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,357 shares of the Internet television network’s stock after purchasing an additional 5,852 shares during the period. Netflix makes up about 0.7% of Dakota Wealth Management’s investment portfolio, making the stock its 29th biggest holding. Dakota Wealth Management’s holdings in Netflix were worth $30,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC grew its stake in shares of Netflix by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock valued at $1,225,000 after acquiring an additional 187 shares in the last quarter. Thrive Wealth Management LLC lifted its position in shares of Netflix by 4.8% during the first quarter. Thrive Wealth Management LLC now owns 571 shares of the Internet television network’s stock worth $347,000 after purchasing an additional 26 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Netflix by 35.2% during the first quarter. 180 Wealth Advisors LLC now owns 2,069 shares of the Internet television network’s stock worth $1,257,000 after purchasing an additional 539 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Finally, Capital Asset Advisory Services LLC bought a new position in shares of Netflix during the first quarter worth about $232,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Citigroup increased their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Evercore ISI increased 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. Bank of America raised their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wedbush raised their target price on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction 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 completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders sold 229,711 shares of company stock valued at $153,905,830 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.7 %

Shares of NASDAQ:NFLX opened at $754.55 on Friday. The firm has a fifty day moving average of $703.23 and a two-hundred day moving average of $657.75. The firm has a market capitalization of $322.54 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

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.