Oppenheimer & Co. Inc. Buys 859 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oppenheimer & Co. Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,750 shares of the Internet television network’s stock after acquiring an additional 859 shares during the period. Oppenheimer & Co. Inc.’s holdings in Netflix were worth $20,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. New World Advisors LLC grew its holdings in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares in the last quarter. Heartland Bank & Trust Co grew its holdings in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares in the last quarter. Cedrus LLC grew its holdings in shares of Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after acquiring an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC grew its holdings in shares of Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after acquiring an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC grew its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Director Timothy M. Haley sold 647 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’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 legal filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock valued at $146,747,101 over the last 90 days. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Needham & Company LLC upped their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Oppenheimer upped their target price on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report 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 note on Friday, October 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Price Performance

Shares of NFLX stock traded up $8.03 on Wednesday, reaching $827.53. The company’s stock had a trading volume of 404,607 shares, compared to its average volume of 3,651,374. The company has a market capitalization of $353.74 billion, a P/E ratio of 46.38, a PEG ratio of 1.55 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $445.64 and a 12-month high of $832.67. The stock’s 50 day simple moving average is $726.52 and its 200-day simple moving average is $675.52.

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

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.