Netflix, Inc. (NASDAQ:NFLX) Stake Raised by Mutual Advisors LLC

Mutual Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,723 shares of the Internet television network’s stock after buying an additional 112 shares during the quarter. Mutual Advisors LLC’s holdings in Netflix were worth $11,109,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Highview Capital Management LLC DE raised its stake in shares of Netflix by 4.4% during the third quarter. Highview Capital Management LLC DE now owns 1,955 shares of the Internet television network’s stock valued at $1,387,000 after purchasing an additional 83 shares in the last quarter. Better Money Decisions LLC increased its stake in Netflix by 14.4% during the 3rd quarter. Better Money Decisions LLC now owns 793 shares of the Internet television network’s stock valued at $562,000 after buying an additional 100 shares during the period. Fidelis Capital Partners LLC raised its position in shares of Netflix by 5.4% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,177 shares of the Internet television network’s stock worth $3,130,000 after buying an additional 215 shares in the last quarter. Bay Rivers Group lifted its stake in shares of Netflix by 1.5% in the 3rd quarter. Bay Rivers Group now owns 3,509 shares of the Internet television network’s stock worth $2,489,000 after acquiring an additional 51 shares during the period. Finally, Davidson Capital Management Inc. boosted its holdings in shares of Netflix by 7.4% in the third quarter. Davidson Capital Management Inc. now owns 4,954 shares of the Internet television network’s stock valued at $3,514,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Guggenheim lifted their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday. Argus increased their target price on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, China Renaissance assumed coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective for the company. Two research 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 stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Performance

NASDAQ NFLX opened at $759.44 on Wednesday. Netflix, Inc. has a twelve month low of $399.41 and a twelve month high of $773.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $324.63 billion, a P/E ratio of 42.98, a PEG ratio of 1.45 and a beta of 1.26. The company’s 50-day simple moving average is $709.10 and its 200 day simple moving average is $661.69.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the business’s 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 owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Spencer Adam Neumann sold 433 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 20,656 shares of Netflix 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,409 shares of company stock valued at $158,213,518. Corporate insiders own 1.76% of the company’s stock.

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.