First Personal Financial Services Acquires Shares of 56 Netflix, Inc. (NASDAQ:NFLX)

First Personal Financial Services purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 56 shares of the Internet television network’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oxbow Advisors LLC boosted its position in shares of Netflix by 11.4% in the 3rd quarter. Oxbow Advisors LLC now owns 663 shares of the Internet television network’s stock worth $470,000 after purchasing an additional 68 shares during the last quarter. Objective Capital Management LLC bought a new position in Netflix during the third quarter worth about $519,000. Lindbrook Capital LLC lifted its holdings in Netflix by 0.7% during the third quarter. Lindbrook Capital LLC now owns 2,979 shares of the Internet television network’s stock worth $2,113,000 after acquiring an additional 22 shares in the last quarter. Assetmark Inc. lifted its holdings in Netflix by 11.6% during the third quarter. Assetmark Inc. now owns 24,769 shares of the Internet television network’s stock worth $17,568,000 after acquiring an additional 2,580 shares in the last quarter. Finally, Pegasus Partners Ltd. lifted its holdings in Netflix by 24.2% during the third quarter. Pegasus Partners Ltd. now owns 1,539 shares of the Internet television network’s stock worth $1,092,000 after acquiring an additional 300 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 0.2 %

Shares of NASDAQ:NFLX opened at $795.04 on Friday. The company has a fifty day moving average of $721.55 and a 200-day moving average of $670.54. The company has a market capitalization of $339.85 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $434.35 and a 52-week high of $799.06.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during 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%. On average, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock valued at $169,954,456 in the last three months. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Needham & Company LLC lifted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley lifted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $748.15.

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.