Oxbow Advisors LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Oxbow Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 663 shares of the Internet television network’s stock after acquiring an additional 68 shares during the period. Oxbow Advisors LLC’s holdings in Netflix were worth $470,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. grew its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Netflix during the second quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on 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 sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,112 shares of company stock valued at $169,954,456. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Loop Capital raised their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Wedbush upped their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Two investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Down 0.2 %

Shares of Netflix stock traded down $1.50 during trading on Friday, hitting $795.04. The company’s stock had a trading volume of 1,910,626 shares, compared to its average volume of 3,927,056. Netflix, Inc. has a 52 week low of $434.35 and a 52 week high of $799.06. The company has a market capitalization of $339.85 billion, a PE ratio of 44.99, a P/E/G ratio of 1.50 and a beta of 1.25. The company has a fifty day simple moving average of $721.55 and a two-hundred day simple moving average of $670.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.