Fortitude Family Office LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fortitude Family Office LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 74.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 298 shares of the Internet television network’s stock after buying an additional 127 shares during the quarter. Fortitude Family Office LLC’s holdings in Netflix were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. boosted its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. AlphaMark Advisors LLC grew 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 worth $35,000 after acquiring an additional 45 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Netflix during the second quarter worth $38,000. Finally, Summit Securities Group LLC purchased a new position in Netflix in the second quarter valued at $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,409 shares of company stock worth $158,213,518. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.7 %

NASDAQ NFLX opened at $749.12 on Tuesday. 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 stock has a market capitalization of $320.22 billion, a P/E ratio of 42.40, a P/E/G ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 52-week low of $399.41 and a 52-week high of $773.00. The firm has a 50-day moving average price of $707.88 and a 200 day moving average price of $660.73.

Analysts Set New Price Targets

NFLX has been the topic of several recent research reports. Sanford C. Bernstein upped their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $840.00 target price (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $747.70.

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.