Allen Capital Group LLC Makes New $260,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Allen Capital Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel reports. The fund bought 367 shares of the Internet television network’s stock, valued at approximately $260,000.

Several other hedge funds also recently bought and sold shares of NFLX. Advisors Asset Management Inc. boosted its stake in Netflix by 10.2% during the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock worth $3,093,000 after buying an additional 471 shares during the period. Epoch Investment Partners Inc. purchased a new position in Netflix during the first quarter worth about $260,000. Lazard Asset Management LLC boosted its stake in shares of Netflix by 35.0% in the first quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network’s stock valued at $78,010,000 after purchasing an additional 33,269 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Netflix by 9.3% in the first quarter. Kestra Advisory Services LLC now owns 43,017 shares of the Internet television network’s stock valued at $26,126,000 after purchasing an additional 3,660 shares during the period. Finally, BOKF NA boosted its stake in shares of Netflix by 28.0% in the first quarter. BOKF NA now owns 16,940 shares of the Internet television network’s stock valued at $10,406,000 after purchasing an additional 3,709 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Oppenheimer raised their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research note 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 note on Friday, October 18th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $764.82.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $897.79 on Friday. The firm’s fifty day simple moving average is $755.40 and its 200-day simple moving average is $690.34. The stock has a market capitalization of $383.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.