Private Advisor Group LLC Has $17.60 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Private Advisor Group LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,810 shares of the Internet television network’s stock after purchasing an additional 1,060 shares during the period. Private Advisor Group LLC’s holdings in Netflix were worth $17,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. raised its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC boosted its stake 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 purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO increased its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. Evercore ISI upped their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Guggenheim boosted their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Two equities research 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. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. 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. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction 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 owns 85 shares in the company, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,711 shares of company stock worth $153,905,830. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 2.0 %

Shares of NASDAQ:NFLX opened at $749.29 on Thursday. The company has a market capitalization of $322.94 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $703.23 and a two-hundred day moving average price of $657.75.

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.