New World Advisors LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

New World Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 724 shares of the Internet television network’s stock after purchasing an additional 14 shares during the quarter. Netflix makes up approximately 0.1% of New World Advisors LLC’s portfolio, making the stock its 29th biggest holding. New World Advisors LLC’s holdings in Netflix were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Denver PWM LLC acquired a new position in Netflix in the second quarter worth about $25,000. Valued Wealth Advisors LLC grew its position in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on NFLX shares. Benchmark reiterated a “sell” rating and set a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. UBS Group boosted their price objective on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Evercore ISI increased their price objective on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley lifted their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Wedbush increased their price target on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the sale, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. 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 Price Performance

Shares of NFLX traded up $0.13 during trading hours on Friday, hitting $754.68. 2,819,473 shares of the company were exchanged, compared to its average volume of 3,721,664. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $322.60 billion, a PE ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26. The firm has a fifty day simple moving average of $706.67 and a 200-day simple moving average of $659.59. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00.

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.