Coldstream Capital Management Inc. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Coldstream Capital Management Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,451 shares of the Internet television network’s stock after purchasing an additional 2,195 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Netflix were worth $8,356,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. New World Advisors LLC grew its holdings in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co grew its stake in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC increased its holdings in shares of Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC lifted its stake in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC boosted its holdings in Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.3 %

Shares of NASDAQ NFLX opened at $913.69 on Tuesday. The stock has a market cap of $390.57 billion, a P/E ratio of 51.71, a PEG ratio of 1.80 and a beta of 1.27. The business’s fifty day simple moving average is $797.01 and its 200-day simple moving average is $712.57. Netflix, Inc. has a 12-month low of $457.21 and a 12-month high of $935.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly 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 for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,155 shares of company stock worth $159,682,799. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NFLX shares. Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price target on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Evercore ISI boosted their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Bank of America increased their target price on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $783.00.

Netflix Company 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.