Brendel Financial Advisors LLC Has $2.45 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Brendel Financial Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,456 shares of the Internet television network’s stock after buying an additional 81 shares during the quarter. Brendel Financial Advisors LLC’s holdings in Netflix were worth $2,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. Beaird Harris Wealth Management LLC raised its holdings in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% during the 1st 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 in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. KeyCorp upped their price objective 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. Pivotal Research upped their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Rosenblatt Securities restated a “neutral” rating and set a $635.00 target price on shares of Netflix in a research note on Friday, September 20th. Finally, Loop Capital lifted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $697.35.

Insiders Place Their Bets

In related news, Director Leslie J. Kilgore sold 402 shares of Netflix 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 $291,450.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,564,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 402 shares of the business’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 value of $291,450.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,564,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,784 shares of company stock valued at $150,212,870. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.5 %

Shares of Netflix stock traded up $3.72 during trading on Thursday, reaching $731.15. 1,030,827 shares of the company traded hands, compared to its average volume of 3,647,817. 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 has a market capitalization of $315.13 billion, a PE ratio of 50.37, a P/E/G ratio of 1.44 and a beta of 1.26. The company has a 50 day moving average price of $682.31 and a 200-day moving average price of $649.96. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $732.29.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business 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 business earned $3.29 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.