TriaGen Wealth Management LLC Makes New $1.94 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

TriaGen Wealth Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,735 shares of the Internet television network’s stock, valued at approximately $1,940,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the last quarter. Legal & General Group Plc grew its position in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after purchasing an additional 104,332 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Netflix by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after purchasing an additional 83,762 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $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 225,167 shares of company stock worth $150,492,460 in the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Guggenheim lifted their target price on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Wedbush raised their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Pivotal Research raised their price target on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their price target on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $739.38.

Netflix Stock Up 11.1 %

NASDAQ:NFLX traded up $76.24 on Friday, hitting $763.89. 15,974,119 shares of the company’s stock were exchanged, compared to its average volume of 3,723,201. The company has a market cap of $329.24 billion, a P/E ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm has a 50-day moving average price of $696.38 and a 200-day moving average price of $654.66. Netflix, Inc. has a 52 week low of $392.26 and a 52 week high of $766.28. 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 released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 EPS. As a group, analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Netflix 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.