Focus Financial Network Inc. Buys 23 Shares of Netflix, Inc. (NASDAQ:NFLX)

Focus Financial Network Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,667 shares of the Internet television network’s stock after acquiring an additional 23 shares during the period. Focus Financial Network Inc.’s holdings in Netflix were worth $1,892,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. DigitalBridge Group Inc. grew its stake in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc bought a new stake in shares of Netflix in the 1st quarter valued at about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Forsta AP Fonden grew its position in shares of Netflix by 7.7% in the 3rd quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after buying an additional 8,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Netflix by 13.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after buying an additional 7,406 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX opened at $756.10 on Friday. The company’s 50 day simple moving average is $712.96 and its 200-day simple moving average is $664.02. Netflix, Inc. has a 12-month low of $417.10 and a 12-month high of $773.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $323.20 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s 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 of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,810 shares of company stock worth $142,049,542 in the last three months. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NFLX. UBS Group boosted their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Citigroup upped their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” 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 stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $748.15.

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.