Global Assets Advisory LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,622 shares of the Internet television network’s stock, valued at approximately $1,145,000.
Other large investors have also bought and sold shares of the company. Denver PWM LLC acquired a new stake in Netflix in the second quarter worth $25,000. Valued Wealth Advisors LLC raised its holdings in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. raised its holdings 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 purchasing an additional 38 shares during the period. AlphaMark Advisors LLC raised its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Trading Down 2.0 %
NFLX opened at $749.29 on Thursday. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $322.94 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 1.49 and a beta of 1.26. The company’s 50 day moving average price is $703.23 and its two-hundred day moving average price is $657.75.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on NFLX shares. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Argus raised their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $747.70.
View Our Latest Stock Report on Netflix
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.
Featured Articles
- Five stocks we like better than Netflix
- What is the Shanghai Stock Exchange Composite Index?
- 3 Undervalued Technology Stocks With Big Rebound Potential
- Insider Buying Explained: What Investors Need to Know
- NextEra Energy’s Strong Quarter Catches Wall Street’s Eye
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Goldman’s Lost Decade Forecast: These 3 Growth Stocks Can Win
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.