KCM Investment Advisors LLC Purchases 37 Shares of Netflix, Inc. (NASDAQ:NFLX)

KCM Investment Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 702 shares of the Internet television network’s stock after purchasing an additional 37 shares during the period. KCM Investment Advisors LLC’s holdings in Netflix were worth $498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Denver PWM LLC acquired a new stake in Netflix in the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. boosted its stake in Netflix by 380.0% in the 2nd 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. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 valued at $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in Netflix in the 2nd quarter valued at $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction dated 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 directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This represents a 30.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock valued at $146,747,101 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 1.6 %

Shares of Netflix stock opened at $823.96 on Friday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $841.00. The business has a 50-day moving average of $735.77 and a two-hundred day moving average of $679.56. The company has a market capitalization of $352.21 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. 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. Bank of America boosted their price objective on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group boosted their price objective on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. China Renaissance assumed coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two equities 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

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.