Paladin Wealth LLC Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Paladin Wealth LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 761 shares of the Internet television network’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. V Square Quantitative Management LLC increased its holdings in Netflix by 142.1% in the 4th quarter. V Square Quantitative Management LLC now owns 1,157 shares of the Internet television network’s stock valued at $563,000 after purchasing an additional 679 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Netflix by 10.4% in the 4th quarter. EP Wealth Advisors LLC now owns 8,922 shares of the Internet television network’s stock valued at $4,344,000 after buying an additional 838 shares during the period. Scarborough Advisors LLC acquired a new position in Netflix during the 4th quarter worth about $32,000. SageView Advisory Group LLC boosted its holdings in Netflix by 245.0% during the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock valued at $1,527,000 after acquiring an additional 2,227 shares during the period. Finally, Trust Co. of Vermont grew its position in Netflix by 24.1% in the 4th quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock valued at $225,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $724.99 on Monday. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $736.00. 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 stock has a market capitalization of $312.47 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26. The firm’s fifty day simple moving average is $686.60 and its 200-day simple moving average is $651.60.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating 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 in the prior year, the company earned $3.29 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. China Renaissance began coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. Morgan Stanley increased their target price on shares of Netflix from $780.00 to $820.00 and gave the stock an “overweight” rating in a report on Thursday. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 price target on shares of Netflix in a research note on Friday, September 20th. UBS Group increased their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Evercore ISI boosted their target price on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Two research 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. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $702.79.

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.