Lifestyle Asset Management Inc. Acquires 49 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lifestyle Asset Management Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502 shares of the Internet television network’s stock after purchasing an additional 49 shares during the period. Lifestyle Asset Management Inc.’s holdings in Netflix were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. TFB Advisors LLC raised its stake in Netflix by 5.6% during the third quarter. TFB Advisors LLC now owns 513 shares of the Internet television network’s stock worth $364,000 after acquiring an additional 27 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $1,572,000. Consolidated Planning Corp lifted its holdings in Netflix by 36.8% during the 3rd quarter. Consolidated Planning Corp now owns 6,750 shares of the Internet television network’s stock valued at $4,788,000 after purchasing an additional 1,817 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in Netflix during the third quarter worth about $144,000. Finally, Global Strategic Investment Solutions LLC grew its stake in Netflix by 6.7% during the third quarter. Global Strategic Investment Solutions LLC now owns 433 shares of the Internet television network’s stock worth $307,000 after buying an additional 27 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $840.00 target price (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Rosenblatt Securities increased their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Guggenheim upped their target price on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, UBS Group raised their price target on shares of Netflix from $750.00 to $825.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,112 shares of company stock valued at $169,954,456 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $796.54 on Friday. The company has a market capitalization of $340.49 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.46 and a beta of 1.25. The stock’s 50 day moving average is $717.59 and its 200-day moving average is $667.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $433.68 and a 12 month high of $798.22.

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.