Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,210 shares of the Internet television network’s stock after buying an additional 125 shares during the quarter. Waldron Private Wealth LLC’s holdings in Netflix were worth $2,277,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NFLX. GQG Partners LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC grew its holdings in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix in the first quarter worth $372,293,000. Swedbank AB purchased a new stake in shares of Netflix during the first quarter worth $216,538,000. Finally, Renaissance Technologies LLC acquired a new stake in Netflix during the second quarter valued at $183,365,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday. Loop Capital boosted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Guggenheim increased their price objective on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Price Performance

NFLX stock traded down $9.27 during trading on Tuesday, hitting $762.80. The company had a trading volume of 2,360,629 shares, compared to its average volume of 3,727,877. The company has a fifty day moving average price of $699.16 and a two-hundred day moving average price of $656.21. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The company has a market cap of $328.77 billion, a P/E ratio of 53.21, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock valued at $153,905,830 in the last three months. 1.76% of the stock is owned by corporate insiders.

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.