Tyche Wealth Partners LLC Has $2.12 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Tyche Wealth Partners LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,994 shares of the Internet television network’s stock after acquiring an additional 32 shares during the period. Tyche Wealth Partners LLC’s holdings in Netflix were worth $2,124,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. New World Advisors LLC grew its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co lifted its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Cedrus LLC lifted its holdings in shares of Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the period. Meritas Wealth Management LLC raised its holdings in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the period. Finally, Stage Harbor Financial LLC raised its holdings in Netflix by 4.8% in the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.7 %

Shares of NFLX stock traded up $5.35 during mid-day trading on Tuesday, reaching $754.47. 622,178 shares of the stock traded hands, compared to its average volume of 3,702,730. The stock’s fifty day simple moving average is $707.88 and its two-hundred day simple moving average is $660.73. Netflix, Inc. has a 1-year low of $399.41 and a 1-year high of $773.00. The company has a market cap of $322.51 billion, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Redburn Atlantic raised their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. UBS Group lifted their price target on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI lifted their price objective on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,409 shares of company stock worth $158,213,518. Company insiders own 1.76% of the company’s stock.

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.