Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,690 shares of the Internet television network’s stock after purchasing an additional 7,428 shares during the quarter. Captrust Financial Advisors’ holdings in Netflix were worth $82,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Martingale Asset Management L P lifted its holdings in Netflix by 322.3% in the 3rd quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock valued at $3,148,000 after acquiring an additional 3,387 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in Netflix by 13.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 20,855 shares of the Internet television network’s stock valued at $14,752,000 after acquiring an additional 2,413 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Netflix by 0.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,807,228 shares of the Internet television network’s stock valued at $1,991,083,000 after acquiring an additional 25,060 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Netflix by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,473 shares of the Internet television network’s stock valued at $13,102,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Fiduciary Trust Co lifted its holdings in Netflix by 12.7% in the 3rd quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock valued at $2,135,000 after acquiring an additional 339 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 0.5 %

Shares of NASDAQ NFLX opened at $877.34 on Friday. The stock has a market cap of $375.03 billion, a PE ratio of 49.65, a PEG ratio of 1.69 and a beta of 1.25. The business has a fifty day moving average of $769.29 and a two-hundred day moving average of $697.66. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $908.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 35.86% and a net margin of 20.70%. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group set a $750.00 price objective on Netflix in a report on Friday, October 18th. Evercore ISI boosted their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two research 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’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by company insiders.

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.