FSA Advisors Inc. Makes New $770,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

FSA Advisors Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,138 shares of the Internet television network’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. New World Advisors LLC lifted its stake in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares during the period. Heartland Bank & Trust Co lifted its stake in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Cedrus LLC lifted its stake in Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the period. Meritas Wealth Management LLC lifted its stake in Netflix by 2.9% in 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. Finally, Stage Harbor Financial LLC lifted its stake in Netflix by 4.8% in the third quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Guggenheim increased their target price on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Redburn Atlantic raised their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. The Goldman Sachs Group set a $750.00 price target on Netflix in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Stock Performance

NFLX opened at $754.68 on Monday. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00. The stock has a market cap of $325.27 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 1.48 and a beta of 1.26. The business has a 50 day moving average of $706.67 and a 200-day moving average of $659.88. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insider Activity

In other news, Chairman Reed Hastings sold 45,290 shares of the firm’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 completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of Netflix 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 sale, the chairman now directly 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 disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock valued at $153,905,830 over the last three months. Insiders own 1.76% of the company’s stock.

Netflix Company 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.