Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,140 shares of the Internet television network’s stock after purchasing an additional 30 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Netflix were worth $5,064,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% in the 2nd 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. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of 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 buying an additional 45 shares in the last quarter. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,437 shares of company stock worth $146,229,378. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. JPMorgan Chase & Co. raised their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Canaccord Genuity Group raised their price target on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. UBS Group lifted their target price on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Benchmark restated a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Trading Up 0.4 %

Shares of NFLX stock opened at $809.00 on Tuesday. Netflix, Inc. has a 12-month low of $442.60 and a 12-month high of $809.00. The firm has a market cap of $345.81 billion, a P/E ratio of 45.58, a PEG ratio of 1.53 and a beta of 1.25. 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 company has a 50 day moving average of $723.63 and a 200-day moving average of $673.70.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.