United Asset Strategies Inc. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

United Asset Strategies Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 10.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,453 shares of the Internet television network’s stock after buying an additional 228 shares during the quarter. United Asset Strategies Inc.’s holdings in Netflix were worth $1,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. New World Advisors LLC increased its holdings in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co grew its position in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC increased its holdings in shares of Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the period. Capstone Triton Financial Group LLC raised its position in shares of Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after buying an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC boosted its stake in Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. 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 available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,810 shares of company stock valued at $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets reissued an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. KeyCorp raised their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Loop Capital upped their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two investment 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. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Check Out Our Latest Research Report on NFLX

Netflix Trading Up 0.6 %

Shares of NASDAQ NFLX traded up $4.76 during midday trading on Thursday, hitting $758.50. 931,344 shares of the company traded hands, compared to its average volume of 3,693,660. Netflix, Inc. has a 12-month low of $404.63 and a 12-month high of $773.00. The firm has a market cap of $324.23 billion, a P/E ratio of 42.84, a P/E/G ratio of 1.45 and a beta of 1.26. The stock has a 50-day moving average price of $710.23 and a 200 day moving average price of $662.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

About Netflix

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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