Hantz Financial Services Inc. Has $38.79 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hantz Financial Services Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,686 shares of the Internet television network’s stock after selling 2,279 shares during the period. Hantz Financial Services Inc.’s holdings in Netflix were worth $38,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NFLX. Jacobs Levy Equity Management Inc. lifted its stake in Netflix by 26.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock valued at $1,014,000 after purchasing an additional 349 shares during the last quarter. LRI Investments LLC bought a new position in Netflix in the 1st quarter valued at approximately $53,000. Cetera Investment Advisers lifted its stake in Netflix by 126.3% in the 1st quarter. Cetera Investment Advisers now owns 92,315 shares of the Internet television network’s stock valued at $56,065,000 after purchasing an additional 51,513 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Netflix by 0.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 33,086 shares of the Internet television network’s stock valued at $20,094,000 after purchasing an additional 186 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in Netflix by 29.5% in the 1st quarter. Soltis Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock valued at $760,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,490,250. The trade was a 25.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,866 shares of company stock valued at $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NFLX shares. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 research note on Friday, October 18th. Bank of America raised their price target on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $764.82.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $877.34 on Friday. The company has a 50 day moving average of $769.29 and a 200 day moving average of $697.66. The stock has a market cap of $375.03 billion, a P/E ratio of 49.65, a P/E/G ratio of 1.69 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $908.00. 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.