Highline Wealth Partners LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) 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
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.
Read Our Latest Stock Analysis on NFLX
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.
Further Reading
- Five stocks we like better than Netflix
- How to Buy Cheap Stocks Step by Step
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 3 ETFs With Low Fees and Market-Beating Returns
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Inflation Threats Make Yield Curve ETFs a Top Trade
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.