Traveka Wealth LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Traveka Wealth LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,462 shares of the Internet television network’s stock after buying an additional 20 shares during the quarter. Traveka Wealth LLC’s holdings in Netflix were worth $1,037,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter valued at $25,000. Valued Wealth Advisors LLC raised its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% during the second 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 period. AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO raised 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 worth $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 2.4 %

Shares of NFLX traded up $16.52 during mid-day trading on Tuesday, hitting $718.44. 1,148,654 shares of the company’s stock were exchanged, compared to its average volume of 3,658,411. The company has a market cap of $309.65 billion, a PE ratio of 49.79, a P/E/G ratio of 1.44 and a beta of 1.26. 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, Inc. has a 52 week low of $344.73 and a 52 week high of $725.26. The company has a 50-day simple moving average of $678.35 and a 200 day simple moving average of $648.76.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NFLX. KeyCorp upped their price target on shares of Netflix from $735.00 to $760.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Redburn Atlantic boosted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. TD Cowen lifted their target price on shares of Netflix from $775.00 to $820.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein lifted their target price on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $691.76.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Chairman Reed Hastings sold 45,290 shares of the firm’s 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 transaction, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,784 shares of company stock valued at $150,212,870. 1.76% of the stock is owned by insiders.

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.