Abacus Planning Group Inc. Acquires 75 Shares of Netflix, Inc. (NASDAQ:NFLX)

Abacus Planning Group Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 559 shares of the Internet television network’s stock after buying an additional 75 shares during the period. Abacus Planning Group Inc.’s holdings in Netflix were worth $396,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Denver PWM LLC bought a new stake in Netflix in the second quarter valued at $25,000. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. raised its stake 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 buying an additional 38 shares during the period. AlphaMark Advisors LLC grew its stake in Netflix by 642.9% in the second 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 period. Finally, Indiana Trust & Investment Management CO increased its holdings 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 valued at $32,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 13,791 shares of the business’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 transaction of $9,653,700.00. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,784 shares of company stock worth $150,212,870. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.7 %

NFLX stock opened at $711.09 on Thursday. The business has a 50 day moving average of $673.63 and a 200 day moving average of $646.74. The firm has a market cap of $306.48 billion, a PE ratio of 49.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $725.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Pivotal Research upped their target price on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Loop Capital raised their target price on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Jefferies Financial Group upped their price target on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Macquarie reaffirmed an “outperform” rating and set a $685.00 price objective on shares of Netflix in a report on Tuesday, July 16th. Finally, Citigroup increased their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $686.03.

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.