Luts & Greenleigh Group Inc. Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Luts & Greenleigh Group Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.1% during the third quarter, Holdings Channel reports. The institutional investor owned 359 shares of the Internet television network’s stock after acquiring an additional 30 shares during the period. Luts & Greenleigh Group Inc.’s holdings in Netflix were worth $255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth $32,000. SageView Advisory Group LLC increased its holdings in Netflix by 245.0% during the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock valued at $1,527,000 after acquiring an additional 2,227 shares in the last quarter. Trust Co. of Vermont raised its position in Netflix by 24.1% during the fourth quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock worth $225,000 after acquiring an additional 90 shares during the last quarter. Leo Wealth LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $523,000. Finally, Trust Co. of Toledo NA OH grew its position in shares of Netflix by 1.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,463 shares of the Internet television network’s stock valued at $1,496,000 after purchasing an additional 36 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX traded down $7.02 during mid-day trading on Tuesday, hitting $705.98. The stock had a trading volume of 2,929,369 shares, compared to its average volume of 3,641,881. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $304.28 billion, a PE ratio of 48.74, a PEG ratio of 1.49 and a beta of 1.26. The company’s fifty day simple moving average is $688.89 and its two-hundred day simple moving average is $652.34.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.29 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFLX. Rosenblatt Securities restated a “neutral” rating and set a $635.00 price objective on shares of Netflix in a research report on Friday, September 20th. Benchmark restated a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research report on Tuesday. UBS Group increased their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America boosted their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Argus raised their price target 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. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.79.

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.