Shepherd Financial Partners LLC Buys New Shares in Netflix, Inc. (NASDAQ:NFLX)

Shepherd Financial Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 282 shares of the Internet television network’s stock, valued at approximately $200,000.

A number of other large investors also recently modified their holdings of NFLX. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. boosted 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 valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted 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 valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Netflix during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Benchmark reissued a “sell” rating and set a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Needham & Company LLC upped their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Guggenheim upped their target price on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wedbush upped their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Two investment 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. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Activity

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,810 shares of company stock worth $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $756.10 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $712.96 and its 200-day moving average price is $664.02. Netflix, Inc. has a 52-week low of $417.10 and a 52-week high of $773.00. The company has a market cap of $323.20 billion, a PE ratio of 42.79, a P/E/G ratio of 1.45 and a beta of 1.26.

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.