Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,074 shares of the Internet television network’s stock after buying an additional 39 shares during the period. Outlook Wealth Advisors LLC’s holdings in Netflix were worth $762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its holdings in Netflix by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock worth $1,225,000 after purchasing an additional 187 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in Netflix during the first quarter worth approximately $232,000. Independence Bank of Kentucky raised its holdings in Netflix by 3.3% during the first quarter. Independence Bank of Kentucky now owns 1,095 shares of the Internet television network’s stock worth $665,000 after purchasing an additional 35 shares in the last quarter. Occidental Asset Management LLC raised its holdings in Netflix by 10.4% during the first quarter. Occidental Asset Management LLC now owns 586 shares of the Internet television network’s stock worth $356,000 after purchasing an additional 55 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Netflix during the first quarter worth approximately $230,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.0 %

NASDAQ NFLX opened at $754.68 on Friday. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The firm’s fifty day simple moving average is $706.67 and its 200-day simple moving average is $659.30.

Insider Transactions at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the 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 transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush boosted their target price on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Needham & Company LLC boosted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Canaccord Genuity Group boosted their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.