Parcion Private Wealth LLC Has $1.39 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Parcion Private Wealth LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 31.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,960 shares of the Internet television network’s stock after purchasing an additional 466 shares during the quarter. Parcion Private Wealth LLC’s holdings in Netflix were worth $1,390,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wealthcare Advisory Partners LLC boosted its stake in Netflix by 10.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock worth $1,225,000 after purchasing an additional 187 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in Netflix in the 1st quarter valued at approximately $232,000. Independence Bank of Kentucky raised its position in Netflix by 3.3% in the 1st quarter. Independence Bank of Kentucky now owns 1,095 shares of the Internet television network’s stock valued at $665,000 after buying an additional 35 shares during the last quarter. Occidental Asset Management LLC lifted its stake in Netflix by 10.4% in the 1st quarter. Occidental Asset Management LLC now owns 586 shares of the Internet television network’s stock valued at $356,000 after acquiring an additional 55 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Netflix during the 1st quarter worth approximately $230,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the company’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 owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock worth $153,905,830 over the last three months. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Argus boosted their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley increased their price objective on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Redburn Atlantic lifted their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Sandler reissued an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Barclays reaffirmed an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. 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 company’s stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Trading Up 0.0 %

NASDAQ NFLX opened at $754.68 on Friday. The firm has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The business’s 50-day moving average price is $706.67 and its two-hundred day moving average price is $659.30. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $395.62 and a 12 month high of $773.00.

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.