1,096 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, HoldingsChannel reports. The firm purchased 1,096 shares of the Internet television network’s stock, valued at approximately $777,000.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% during 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 in the last quarter. AlphaMark Advisors LLC increased its holdings in 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 bought a new stake in Netflix during the 2nd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $64,435.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,477 shares of company stock worth $160,300,776 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.1 %

NASDAQ:NFLX opened at $763.91 on Wednesday. The company has a market cap of $326.54 billion, a P/E ratio of 43.23, a P/E/G ratio of 1.46 and a beta of 1.25. The stock’s fifty day moving average price is $715.67 and its two-hundred day moving average price is $667.19. Netflix, Inc. has a 1 year low of $429.61 and a 1 year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. UBS Group upped their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Guggenheim upped their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. 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 stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $748.15.

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.