Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,149 shares of the Internet television network’s stock after buying an additional 60 shares during the period. Bristlecone Advisors LLC’s holdings in Netflix were worth $5,071,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new stake in Netflix in the second quarter worth approximately $25,000. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% during the first 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 during the period. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in shares of Netflix in the 2nd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, 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 sold a total of 229,711 shares of company stock worth $153,905,830 over the last three months. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research reports. Piper Sandler restated an “overweight” rating and set a $840.00 target price (up from $800.00) on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Argus lifted their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Evercore ISI boosted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Price Performance

NASDAQ NFLX opened at $754.68 on Friday. The stock has a market capitalization of $322.60 billion, a PE ratio of 42.71, a P/E/G ratio of 1.48 and a beta of 1.26. The stock has a 50-day simple moving average of $706.67 and a 200 day simple moving average of $659.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.13. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00.

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.