Bay Rivers Group Acquires 51 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bay Rivers Group boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,509 shares of the Internet television network’s stock after buying an additional 51 shares during the period. Bay Rivers Group’s holdings in Netflix were worth $2,489,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NFLX. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. boosted its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. AlphaMark Advisors LLC grew its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Netflix during the 2nd quarter worth approximately $38,000. Finally, Summit Securities Group LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded up $10.66 on Tuesday, reaching $759.78. The stock had a trading volume of 1,026,698 shares, compared to its average volume of 3,704,666. The stock has a market cap of $324.78 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $399.41 and a 1 year high of $773.00. The company has a 50 day simple moving average of $707.88 and a 200 day simple moving average of $660.73.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade 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 235,409 shares of company stock valued at $158,213,518. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. Bank of America raised their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Argus lifted their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Rosenblatt Securities upped their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Company 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.