Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,074 shares of the Internet television network’s stock after buying an additional 39 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Netflix were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NFLX. International Assets Investment Management LLC boosted its holdings in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC boosted its holdings in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Netflix during the first quarter worth $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.0 %

NASDAQ:NFLX opened at $754.68 on Friday. The company has a market capitalization of $322.60 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The stock has a 50-day simple moving average of $706.67 and a 200 day simple moving average of $659.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.13.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,711 shares of company stock worth $153,905,830. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Canaccord Genuity Group increased their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Rosenblatt Securities increased their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.