Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% during the third quarter, HoldingsChannel.com reports. The firm owned 602 shares of the Internet television network’s stock after acquiring an additional 55 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Netflix were worth $427,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. grew its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. UBS Group upped their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 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 issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 13,791 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 $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The trade was a 30.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 26.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 1.6 %

Shares of NASDAQ NFLX traded down $13.30 during midday trading on Friday, reaching $823.96. 3,673,720 shares of the stock were exchanged, compared to its average volume of 3,659,305. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $841.00. The company has a market capitalization of $352.21 billion, a price-to-earnings ratio of 46.63, a P/E/G ratio of 1.60 and a beta of 1.25. 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 business has a 50-day simple moving average of $735.77 and a two-hundred day simple moving average of $679.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

About Netflix

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.