5,222 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Geneva Partners LLC

Geneva Partners LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,222 shares of the Internet television network’s stock, valued at approximately $3,704,000. Netflix makes up approximately 1.6% of Geneva Partners LLC’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. United Advisor Group LLC raised its holdings in Netflix by 23.0% during the 3rd quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock worth $595,000 after buying an additional 157 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Netflix in the third quarter worth approximately $777,000. Hazlett Burt & Watson Inc. boosted its stake in Netflix by 149.2% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 750 shares of the Internet television network’s stock worth $536,000 after purchasing an additional 449 shares during the period. PDS Planning Inc grew its position in Netflix by 2.1% during the 3rd quarter. PDS Planning Inc now owns 2,130 shares of the Internet television network’s stock worth $1,511,000 after purchasing an additional 43 shares in the last quarter. Finally, Leeward Financial Partners LLC grew its position in Netflix by 3.4% during the 3rd quarter. Leeward Financial Partners LLC now owns 4,947 shares of the Internet television network’s stock worth $3,509,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The stock was 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. Insiders sold a total of 229,477 shares of company stock worth $160,300,776 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ NFLX opened at $755.51 on Tuesday. The stock has a 50-day simple moving average of $714.30 and a 200 day simple moving average of $665.72. Netflix, Inc. has a twelve month low of $429.61 and a twelve month high of $773.00. The stock has a market capitalization of $322.95 billion, a PE ratio of 42.76, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. Benchmark reaffirmed a “sell” rating and issued a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price on the stock. Needham & Company LLC raised their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.