D Orazio & Associates Inc. Purchases 160 Shares of Netflix, Inc. (NASDAQ:NFLX)

D Orazio & Associates Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,138 shares of the Internet television network’s stock after acquiring an additional 160 shares during the quarter. D Orazio & Associates Inc.’s holdings in Netflix were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Avantax Advisory Services Inc. raised its position in shares of Netflix by 15.3% during the first quarter. Avantax Advisory Services Inc. now owns 6,508 shares of the Internet television network’s stock worth $3,952,000 after acquiring an additional 865 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in Netflix by 6.7% in the first quarter. Cozad Asset Management Inc. now owns 681 shares of the Internet television network’s stock valued at $414,000 after purchasing an additional 43 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Netflix in the first quarter valued at about $1,304,000. TBH Global Asset Management LLC increased its holdings in Netflix by 2.6% in the first quarter. TBH Global Asset Management LLC now owns 781 shares of the Internet television network’s stock valued at $474,000 after purchasing an additional 20 shares during the last quarter. Finally, Zega Financial LLC bought a new stake in Netflix in the first quarter valued at about $880,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NFLX shares. KeyCorp upped their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group boosted their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America boosted their target price on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two investment 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, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Up 1.2 %

NFLX stock traded up $9.50 during mid-day trading on Wednesday, reaching $829.00. The company had a trading volume of 865,240 shares, compared to its average volume of 3,653,468. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $726.52 and a two-hundred day simple moving average of $675.52. The company has a market capitalization of $354.36 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 1.55 and a beta of 1.25. Netflix, Inc. has a 52 week low of $445.64 and a 52 week high of $832.85.

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

Insider Activity

In other news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last three months. Insiders own 1.76% of the company’s stock.

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.