Strategic Advisors LLC Has $587,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Strategic Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 827 shares of the Internet television network’s stock after acquiring an additional 36 shares during the quarter. Strategic Advisors LLC’s holdings in Netflix were worth $587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Netflix in the 1st quarter valued at $1,450,476,000. Jennison Associates LLC boosted its stake in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Netflix in the 1st quarter valued at $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Netflix in the 1st quarter valued at $372,293,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.7 %

Netflix stock traded up $4.81 during mid-day trading on Thursday, reaching $732.24. 1,359,248 shares of the company traded hands, compared to its average volume of 3,649,219. 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 firm’s 50 day moving average price is $682.31 and its 200 day moving average price is $649.96. The firm has a market capitalization of $315.60 billion, a price-to-earnings ratio of 50.37, a P/E/G 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 $733.85.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays reaffirmed an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Monday. Benchmark increased their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. Sanford C. Bernstein increased their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. TD Cowen increased their target price on shares of Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Argus increased their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $697.35.

Insider Activity

In related news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, Director Leslie J. Kilgore sold 402 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,564,950. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In 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.

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.