634 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by CV Advisors LLC

CV Advisors LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 634 shares of the Internet television network’s stock, valued at approximately $450,000. Netflix accounts for about 0.2% of CV Advisors LLC’s portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its stake in shares of Netflix by 9.5% during the third quarter. Concurrent Investment Advisors LLC now owns 8,898 shares of the Internet television network’s stock valued at $6,311,000 after buying an additional 773 shares during the period. Catalina Capital Group LLC raised its holdings in Netflix by 9.6% in the 3rd quarter. Catalina Capital Group LLC now owns 2,412 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 211 shares in the last quarter. Marks Group Wealth Management Inc purchased a new stake in shares of Netflix in the 3rd quarter worth about $208,000. Financial Partners Group Inc boosted its stake in shares of Netflix by 2.6% during the 3rd quarter. Financial Partners Group Inc now owns 983 shares of the Internet television network’s stock valued at $697,000 after purchasing an additional 25 shares in the last quarter. Finally, Austin Private Wealth LLC boosted its stake in shares of Netflix by 3.6% during the 3rd quarter. Austin Private Wealth LLC now owns 714 shares of the Internet television network’s stock valued at $506,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock traded down $0.81 during mid-day trading on Wednesday, hitting $763.10. The stock had a trading volume of 648,597 shares, compared to its average volume of 3,671,799. Netflix, Inc. has a one year low of $431.00 and a one year high of $773.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $326.19 billion, a P/E ratio of 43.23, a P/E/G ratio of 1.46 and a beta of 1.25. The firm’s 50 day moving average is $715.67 and its 200 day moving average is $667.19.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group raised their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Citigroup raised their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two 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 stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 229,477 shares of company stock worth $160,300,776 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

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.