Nicholson Wealth Management Group LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Nicholson Wealth Management Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 450 shares of the Internet television network’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DigitalBridge Group Inc. increased its holdings in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc bought a new position in Netflix in the first quarter valued at $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after buying an additional 30,511 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Netflix by 14.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock valued at $6,274,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Netflix by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock valued at $36,878,000 after purchasing an additional 7,406 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.7 %

NASDAQ NFLX opened at $754.55 on Friday. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00. The company has a market capitalization of $322.54 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. The stock’s 50-day simple moving average is $703.23 and its two-hundred day simple moving average is $657.75. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wedbush raised their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Canaccord Genuity Group upped their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, KeyCorp raised their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by company insiders.

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.