Independent Advisor Alliance Purchases 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Independent Advisor Alliance lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,166 shares of the Internet television network’s stock after purchasing an additional 50 shares during the period. Independent Advisor Alliance’s holdings in Netflix were worth $15,721,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its stake in Netflix by 36.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 31,022 shares of the Internet television network’s stock worth $22,003,000 after buying an additional 8,359 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Netflix during the third quarter valued at approximately $2,793,000. Fisher Asset Management LLC grew its stake in Netflix by 2.8% in the third quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock worth $3,178,905,000 after purchasing an additional 123,987 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Netflix by 20.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 378,004 shares of the Internet television network’s stock valued at $268,106,000 after buying an additional 64,149 shares in the last quarter. Finally, Hartford Funds Management Co LLC grew its position in shares of Netflix by 4.1% in the 3rd quarter. Hartford Funds Management Co LLC now owns 1,024 shares of the Internet television network’s stock worth $727,000 after buying an additional 40 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,866 shares of company stock worth $133,393,921. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report 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. Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company lifted their target price on shares of Netflix from $758.00 to $797.00 and gave the company 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 issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Netflix Stock Up 0.0 %

Shares of NASDAQ NFLX opened at $897.79 on Monday. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $908.00. The business’s 50 day moving average is $755.40 and its two-hundred day moving average is $691.50. The firm has a market cap of $383.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.73 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 (NASDAQ:NFLX) last issued 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 net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Research analysts predict that Netflix, Inc. will post 19.78 EPS for the current 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.