Savvy Advisors Inc. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Savvy Advisors Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 43.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 953 shares of the Internet television network’s stock after acquiring an additional 289 shares during the period. Savvy Advisors Inc.’s holdings in Netflix were worth $676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Denver PWM LLC purchased a new stake in Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the 2nd 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 period. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.7 %

Shares of NFLX opened at $819.50 on Wednesday. The company’s fifty day simple moving average is $723.63 and its 200-day simple moving average is $673.70. The company has a market cap of $350.30 billion, a P/E ratio of 46.38, a P/E/G ratio of 1.55 and a beta of 1.25. 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 twelve month low of $442.60 and a twelve month high of $820.37.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Canaccord Genuity Group boosted their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Rosenblatt Securities upped their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, UBS Group increased their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 13,791 shares of the business’s 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 in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 13,791 shares of the business’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 value of $9,653,700.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is currently owned by company insiders.

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.