Shepherd Financial Partners LLC Invests $200,000 in Netflix, Inc. (NASDAQ:NFLX)

Shepherd Financial Partners LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 282 shares of the Internet television network’s stock, valued at approximately $200,000.

Several other institutional investors have also recently made changes to their positions in the company. Denver PWM LLC bought a new position in Netflix in the second quarter valued at $25,000. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the second 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 bought a new position in Netflix in the second quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Guggenheim upped their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday. Macquarie restated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,810 shares of company stock valued at $142,049,542 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $756.10 on Friday. The company has a market capitalization of $323.20 billion, a P/E ratio of 42.79, 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. The firm has a 50 day moving average of $712.96 and a 200 day moving average of $664.02. Netflix, Inc. has a twelve month low of $417.10 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.