Capital Advisors Inc. OK Buys 647 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Advisors Inc. OK grew its position in Netflix, Inc. (NASDAQ:NFLX) by 10.7% during the 3rd quarter, Holdings Channel reports. The firm owned 6,702 shares of the Internet television network’s stock after purchasing an additional 647 shares during the quarter. Capital Advisors Inc. OK’s holdings in Netflix were worth $4,754,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the last quarter. Jennison Associates LLC grew its position in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. raised its position in Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after purchasing an additional 104,332 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This trade 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, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,810 shares of company stock worth $142,049,542. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $756.10 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $417.10 and a 12-month high of $773.00. The business has a 50 day moving average of $712.96 and a 200-day moving average of $664.02. The stock has a market cap of $323.20 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.45 and a beta of 1.26.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Benchmark reissued a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Wedbush boosted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group increased their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC boosted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix 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.