Fernwood Investment Management LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Fernwood Investment Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,061 shares of the Internet television network’s stock after purchasing an additional 109 shares during the period. Fernwood Investment Management LLC’s holdings in Netflix were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its holdings in Netflix by 380.0% during the 2nd 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 period. E Fund Management Hong Kong Co. Ltd. lifted its position 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 worth $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings 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 worth $35,000 after acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix in the second quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,810 shares of company stock worth $142,049,542. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NFLX shares. Pivotal Research increased their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group upped their target price on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday, October 18th. Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $795.00 price target on shares of Netflix in a report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Trading Up 0.0 %

NFLX traded up $0.07 during trading on Friday, hitting $756.10. 2,996,829 shares of the stock traded hands, compared to its average volume of 3,925,487. The firm has a 50-day moving average of $712.96 and a 200 day moving average of $664.34. Netflix, Inc. has a 12-month low of $417.10 and a 12-month high of $773.00. The firm has a market capitalization of $323.20 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. 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 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.