D Orazio & Associates Inc. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

D Orazio & Associates Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 45.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193 shares of the Internet television network’s stock after purchasing an additional 60 shares during the quarter. D Orazio & Associates Inc.’s holdings in Netflix were worth $118,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Netflix by 2.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 630 shares of the Internet television network’s stock worth $385,000 after purchasing an additional 15 shares during the last quarter. Ascent Wealth Partners LLC lifted its stake in Netflix by 0.4% during the third quarter. Ascent Wealth Partners LLC now owns 4,168 shares of the Internet television network’s stock worth $2,544,000 after purchasing an additional 15 shares during the last quarter. Larson Financial Group LLC lifted its stake in Netflix by 4.3% during the third quarter. Larson Financial Group LLC now owns 360 shares of the Internet television network’s stock worth $220,000 after purchasing an additional 15 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Netflix by 2.7% in the third quarter. Parkside Financial Bank & Trust now owns 604 shares of the Internet television network’s stock valued at $369,000 after buying an additional 16 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC lifted its stake in Netflix by 2.3% in the third quarter. Ridgecrest Wealth Partners LLC now owns 697 shares of the Internet television network’s stock valued at $426,000 after buying an additional 16 shares during the last quarter. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. KeyCorp dropped their price objective on Netflix from $725.00 to $620.00 and set an “overweight” rating on the stock in a report on Tuesday. Rosenblatt Securities restated a “hold” rating and issued a $451.00 price objective on shares of Netflix in a research report on Monday, October 18th. Jefferies Financial Group increased their target price on Netflix from $620.00 to $737.00 and gave the stock a “buy” rating in a research report on Tuesday, October 12th. Truist Securities increased their target price on Netflix from $600.00 to $690.00 and gave the stock a “buy” rating in a research report on Tuesday, October 12th. Finally, Loop Capital upped their price target on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $663.67.

In other news, COO Gregory K. Peters sold 7,329 shares of the company’s stock in a transaction that occurred on Thursday, October 21st. The shares were sold at an average price of $650.00, for a total value of $4,763,850.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gregory K. Peters sold 6,721 shares of the stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $675.00, for a total transaction of $4,536,675.00. The disclosure for this sale can be found here. Insiders have sold 30,792 shares of company stock worth $20,692,321 in the last quarter. 2.68% of the stock is owned by corporate insiders.

Netflix stock traded down $1.71 during mid-day trading on Friday, reaching $517.49. The company’s stock had a trading volume of 61,475 shares, compared to its average volume of 4,056,730. The firm’s fifty day moving average price is $618.98 and its two-hundred day moving average price is $590.90. The company has a market capitalization of $229.22 billion, a P/E ratio of 46.77, a PEG ratio of 1.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.17 and a current ratio of 1.17. Netflix, Inc. has a 12-month low of $478.54 and a 12-month high of $700.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 18th. The Internet television network reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.63. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.48 billion. Netflix had a net margin of 17.64% and a return on equity of 38.03%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. On average, research analysts predict that Netflix, Inc. will post 10.74 EPS for the current fiscal year.

About Netflix

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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