Mirador Capital Partners LP Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mirador Capital Partners LP grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 859 shares of the Internet television network’s stock after buying an additional 31 shares during the period. Mirador Capital Partners LP’s holdings in Netflix were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its stake in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC boosted its stake in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Netflix in the 4th quarter worth about $32,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $635.00 target price on shares of Netflix in a research note on Friday, September 20th. Evercore ISI upped their price objective on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Macquarie reiterated an “outperform” rating and set a $685.00 target price on shares of Netflix in a research report on Tuesday, July 16th. Guggenheim upped their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Pivotal Research lifted their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $686.03.

Netflix Stock Performance

NASDAQ:NFLX traded up $12.90 during trading hours on Friday, hitting $719.70. 2,230,139 shares of the company were exchanged, compared to its average volume of 3,674,012. The company’s 50 day moving average price is $676.85 and its 200-day moving average price is $647.86. The stock has a market capitalization of $310.19 billion, a price-to-earnings ratio of 49.94, a PEG ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm earned $3.29 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now owns 57 shares in the company, valued at $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction that occurred on 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 directly owns 57 shares in the company, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,784 shares of company stock worth $150,212,870. 1.76% of the stock is owned by company insiders.

Netflix Company 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.