Capstone Triton Financial Group LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Capstone Triton Financial Group LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,421 shares of the Internet television network’s stock after purchasing an additional 15 shares during the quarter. Netflix makes up approximately 1.1% of Capstone Triton Financial Group LLC’s holdings, making the stock its 28th biggest position. Capstone Triton Financial Group LLC’s holdings in Netflix were worth $1,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. New World Advisors LLC grew its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Heartland Bank & Trust Co raised its position in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC raised its position in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares in the last quarter. Meritas Wealth Management LLC increased its holdings in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after acquiring an additional 16 shares during the last quarter. Finally, Stage Harbor Financial LLC increased its holdings in shares of Netflix by 4.8% in the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction 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 sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,409 shares of company stock valued at $158,213,518 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.6 %

Shares of Netflix stock traded down $4.76 during trading on Wednesday, reaching $754.68. 346,112 shares of the stock were exchanged, compared to its average volume of 3,701,214. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $709.10 and its 200 day moving average is $661.69. The firm has a market cap of $322.60 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 1 year low of $404.63 and a 1 year high of $773.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NFLX shares. Pivotal Research upped their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC upped their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Evercore ISI increased their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Two 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

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.