Global Retirement Partners LLC Acquires 114 Shares of Netflix, Inc. (NASDAQ:NFLX)

Global Retirement Partners LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,070 shares of the Internet television network’s stock after acquiring an additional 114 shares during the period. Global Retirement Partners LLC’s holdings in Netflix were worth $6,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC raised its position in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter valued at about $32,000. Indiana Trust & Investment Management CO grew its stake in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the period. Finally, Proffitt & Goodson Inc. grew its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $6.98 during trading on Thursday, hitting $695.02. 2,641,347 shares of the company were exchanged, compared to its average volume of 3,631,214. The company has a market cap of $299.55 billion, a PE ratio of 48.07, a P/E/G ratio of 1.49 and a beta of 1.26. The stock has a 50 day moving average of $692.63 and a 200 day moving average of $653.38. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $736.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.29 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. 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, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value 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. 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 225,167 shares of company stock worth $150,492,460 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen raised their target price on Netflix from $775.00 to $820.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 target price on shares of Netflix in a research note on Friday, September 20th. Citigroup raised their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Pivotal Research raised their target price on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday. Two equities research 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. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $704.26.

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.