Souders Financial Advisors Acquires 54 Shares of Netflix, Inc. (NASDAQ:NFLX)

Souders Financial Advisors increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,878 shares of the Internet television network’s stock after buying an additional 54 shares during the period. Souders Financial Advisors’ holdings in Netflix were worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. New World Advisors LLC grew 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 worth $514,000 after purchasing an additional 14 shares in the last quarter. 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 worth $1,195,000 after buying an additional 15 shares in the last quarter. Cedrus LLC increased its stake in shares of Netflix by 0.8% during 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. Capstone Triton Financial Group LLC raised its holdings 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 valued at $1,717,000 after acquiring an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC grew its holdings in Netflix by 2.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.7 %

Shares of Netflix stock opened at $819.50 on Wednesday. Netflix, Inc. has a twelve month low of $442.60 and a twelve month high of $820.37. The firm’s 50-day moving average price is $726.52 and its 200 day moving average price is $675.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $350.30 billion, a PE ratio of 46.38, a P/E/G ratio of 1.55 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. 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, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,084 shares of company stock valued at $146,747,101. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Evercore ISI upped their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Finally, Bank of America upped their price objective on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two research 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 data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $748.15.

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.