Highline Wealth Partners LLC Makes New $492,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Highline Wealth Partners LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the third quarter, HoldingsChannel.com reports. The fund purchased 693 shares of the Internet television network’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Hennion & Walsh Asset Management Inc. bought a new stake in Netflix during the first quarter valued at about $230,000. Valley National Advisers Inc. grew its holdings in Netflix by 7.4% in the 1st quarter. Valley National Advisers Inc. now owns 627 shares of the Internet television network’s stock valued at $380,000 after buying an additional 43 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Netflix by 13.9% in the 1st quarter. Kovack Advisors Inc. now owns 1,891 shares of the Internet television network’s stock valued at $1,148,000 after buying an additional 231 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Netflix by 14.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after buying an additional 1,342 shares during the period. Finally, Core Wealth Partners LLC acquired a new position in shares of Netflix during the first quarter worth approximately $278,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX opened at $756.49 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $323.37 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company’s 50 day simple moving average is $709.10 and its 200-day simple moving average is $661.69. Netflix, Inc. has a one year low of $404.63 and a one year high of $773.00.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. 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 have sold 235,409 shares of company stock worth $158,213,518. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NFLX. Redburn Atlantic raised their price objective on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Loop Capital boosted their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Pivotal Research upped their price objective on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Macquarie reissued an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Barclays reaffirmed an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Two investment 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 company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Company 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.