Integrated Advisors Network LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Integrated Advisors Network LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,208 shares of the Internet television network’s stock after buying an additional 410 shares during the quarter. Integrated Advisors Network LLC’s holdings in Netflix were worth $5,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New World Advisors LLC raised its stake in Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Heartland Bank & Trust Co grew its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC increased its position in Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares in the last quarter. Meritas Wealth Management LLC raised its holdings in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the period. Finally, Stage Harbor Financial LLC lifted its position in Netflix by 4.8% during the third quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $754.42 on Tuesday. Netflix, Inc. has a 1 year low of $399.41 and a 1 year high of $773.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $322.48 billion, a P/E ratio of 42.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The stock’s 50-day moving average price is $707.88 and its two-hundred day moving average price is $660.73.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Bank of America upped their price target on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, China Renaissance initiated coverage on shares of Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,599 shares of Netflix 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 sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,409 shares of company stock valued at $158,213,518 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

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.