Turtle Creek Wealth Advisors LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 602 shares of the Internet television network’s stock after purchasing an additional 55 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Netflix were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NFLX. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. boosted its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 valued at $34,000 after purchasing an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix during the second quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $13.30 during mid-day trading on Friday, reaching $823.96. 3,673,720 shares of the company traded hands, compared to its average volume of 3,659,305. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. The firm has a market cap of $352.21 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The stock has a fifty day simple moving average of $735.77 and a 200-day simple moving average of $679.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity

In other news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This represents a 30.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 $26,975,430. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,084 shares of company stock worth $146,747,101. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NFLX shares. 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. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Guggenheim raised their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Oppenheimer upped their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.