Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the third quarter, Holdings Channel.com reports. The firm owned 22,166 shares of the Internet television network’s stock after purchasing an additional 50 shares during the quarter. Independent Advisor Alliance’s holdings in Netflix were worth $15,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Epoch Investment Partners Inc. acquired a new stake in shares of Netflix during the first quarter worth approximately $260,000. Waverly Advisors LLC increased its position in Netflix by 58.2% in the 1st quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock valued at $2,046,000 after acquiring an additional 1,239 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Netflix by 26.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock worth $1,014,000 after purchasing an additional 349 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Netflix by 3.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 560 shares of the Internet television network’s stock valued at $340,000 after purchasing an additional 20 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in Netflix by 1.6% in the 1st quarter. Icon Wealth Advisors LLC now owns 11,008 shares of the Internet television network’s stock valued at $6,686,000 after buying an additional 171 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX opened at $897.79 on Monday. 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, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The stock’s 50 day simple moving average is $755.40 and its 200 day simple moving average is $691.50. The firm has a market cap 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 (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm 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, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NFLX. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein increased their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wedbush restated an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $764.82.

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.