TriaGen Wealth Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

TriaGen Wealth Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,735 shares of the Internet television network’s stock, valued at approximately $1,940,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. Proffitt & Goodson Inc. lifted its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NFLX shares. Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital upped their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $739.38.

Netflix Stock Up 11.1 %

NASDAQ:NFLX traded up $76.24 during trading hours on Friday, reaching $763.89. The company had a trading volume of 15,974,119 shares, compared to its average volume of 3,723,201. 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 firm has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The business’s 50-day simple moving average is $696.38 and its two-hundred day simple moving average is $654.66. Netflix, Inc. has a twelve month low of $392.26 and a twelve month high of $766.28.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the company posted $3.29 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,167 shares of company stock valued at $150,492,460. Corporate insiders own 1.76% of the company’s stock.

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.