Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Bluesphere Advisors LLC

Bluesphere Advisors LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,814 shares of the Internet television network’s stock after buying an additional 17 shares during the quarter. Netflix makes up about 1.7% of Bluesphere Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Bluesphere Advisors LLC’s holdings in Netflix were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Denver PWM LLC bought a new position in Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC lifted its stake 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 purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.8 %

Shares of NFLX traded up $6.13 during mid-day trading on Monday, reaching $770.02. The company’s stock had a trading volume of 4,114,353 shares, compared to its average volume of 3,725,358. The business has a fifty day moving average of $696.38 and a 200 day moving average of $655.12. The company has a market cap of $331.88 billion, a price-to-earnings ratio of 52.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock worth $150,492,460 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. China Renaissance started coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. 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 research report on Friday. Finally, Argus lifted their price target on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

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.