Atomi Financial Group Inc. Buys 548 Shares of Netflix, Inc. (NASDAQ:NFLX)

Atomi Financial Group Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,965 shares of the Internet television network’s stock after purchasing an additional 548 shares during the quarter. Atomi Financial Group Inc.’s holdings in Netflix were worth $4,231,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Regal Investment Advisors LLC lifted its stake in Netflix by 9.5% in the 4th quarter. Regal Investment Advisors LLC now owns 1,213 shares of the Internet television network’s stock valued at $591,000 after purchasing an additional 105 shares during the last quarter. VitalStone Financial LLC lifted its stake in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Netflix by 20.5% during the 4th quarter. MGO One Seven LLC now owns 5,785 shares of the Internet television network’s stock valued at $2,817,000 after acquiring an additional 984 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $5,276,000. Finally, Hancock Whitney Corp grew its position in Netflix by 26.5% during the 4th quarter. Hancock Whitney Corp now owns 5,402 shares of the Internet television network’s stock worth $2,630,000 after acquiring an additional 1,130 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 2.5 %

NFLX traded up $17.69 during mid-day trading on Tuesday, reaching $719.61. 1,207,319 shares of the stock were exchanged, compared to its average volume of 3,659,134. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $310.15 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a 50 day moving average price of $678.35 and a two-hundred day moving average price of $648.76. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26.

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

Insider Activity

In related news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This trade represents 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. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. 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. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 224,784 shares of company stock valued at $150,212,870 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NFLX shares. KeyCorp lifted their price target on Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Argus boosted their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Jefferies Financial Group raised their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Sanford C. Bernstein lifted their price target on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $691.76.

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.