Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Adero Partners LLC

Adero Partners LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 860 shares of the Internet television network’s stock after acquiring an additional 21 shares during the quarter. Adero Partners LLC’s holdings in Netflix were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NFLX. Acadian Asset Management LLC increased its stake in shares of Netflix by 15.6% in the first quarter. Acadian Asset Management LLC now owns 22,840 shares of the Internet television network’s stock valued at $13,868,000 after purchasing an additional 3,077 shares during the period. Patten & Patten Inc. TN increased its stake in shares of Netflix by 3.2% during the first quarter. Patten & Patten Inc. TN now owns 1,805 shares of the Internet television network’s stock valued at $1,096,000 after acquiring an additional 56 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Netflix by 15.2% during the first quarter. Jacobi Capital Management LLC now owns 912 shares of the Internet television network’s stock valued at $554,000 after acquiring an additional 120 shares during the period. Ironwood Investment Counsel LLC acquired a new position in shares of Netflix during the first quarter valued at approximately $306,000. Finally, Trustmark National Bank Trust Department acquired a new position in shares of Netflix during the first quarter valued at approximately $1,037,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 1.6 %

Shares of NASDAQ:NFLX opened at $823.96 on Friday. The firm has a fifty day moving average of $735.77 and a two-hundred day moving average of $680.46. The firm has a market capitalization of $352.21 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $841.00. 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 (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 13,791 shares of Netflix 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 completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 99.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,084 shares of company stock valued at $146,747,101. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Rosenblatt Securities raised their price objective on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Evercore ISI raised their price objective on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group lifted their price target on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.