Americana Partners LLC Acquires 712 Shares of Netflix, Inc. (NASDAQ:NFLX)

Americana Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,062 shares of the Internet television network’s stock after purchasing an additional 712 shares during the quarter. Americana Partners LLC’s holdings in Netflix were worth $2,881,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in shares of Netflix in the second quarter valued at $25,000. Proffitt & Goodson Inc. raised 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 last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Netflix in the 2nd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction 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 completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were 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 owns 246 shares of the company’s stock, valued at approximately $185,976. This represents 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 have sold 209,810 shares of company stock valued at $142,049,542. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Redburn Atlantic increased their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley upped their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Evercore ISI raised their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $3.78 during midday trading on Friday, reaching $759.81. 1,011,607 shares of the company were exchanged, compared to its average volume of 3,691,982. The stock has a market cap of $324.79 billion, a P/E ratio of 43.16, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a one year low of $417.10 and a one year high of $773.00. 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 50-day moving average price is $711.57 and its 200-day moving average price is $662.98.

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.