Integrated Advisors Network LLC Purchases 410 Shares of Netflix, Inc. (NASDAQ:NFLX)

Integrated Advisors Network LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,208 shares of the Internet television network’s stock after buying an additional 410 shares during the quarter. Integrated Advisors Network LLC’s holdings in Netflix were worth $5,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. boosted 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 valued at $32,000 after buying an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of 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 buying an additional 45 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Netflix during the second quarter worth $38,000. Finally, Summit Securities Group LLC bought a new position in shares of Netflix in the 2nd quarter valued at $38,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Guggenheim boosted their price objective on Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Pivotal Research boosted their price target on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Bank of America increased their price target on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $754.42 on Tuesday. The firm has a fifty day moving average price of $707.88 and a two-hundred day moving average price of $660.73. The company has a market cap of $322.48 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $399.41 and a one year high of $773.00.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred 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 completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,409 shares of company stock worth $158,213,518. Corporate insiders own 1.76% of the company’s stock.

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.