Goldstone Financial Group LLC Takes $433,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Goldstone Financial Group LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 610 shares of the Internet television network’s stock, valued at approximately $433,000.

A number of other hedge funds have also made changes to their positions in the company. Financial Advocates Investment Management increased its position in shares of Netflix by 1.8% in the third quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock valued at $2,852,000 after buying an additional 72 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in Netflix by 17.4% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock worth $1,058,000 after purchasing an additional 221 shares in the last quarter. Oak Harvest Investment Services increased its position in Netflix by 1.9% during the 3rd quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock worth $3,186,000 after purchasing an additional 84 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Netflix by 8.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,347 shares of the Internet television network’s stock worth $9,466,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its position in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,810 shares of company stock worth $142,049,542 in the last 90 days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen lifted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wedbush lifted their price objective on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. China Renaissance assumed coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective for the company. Finally, The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Two investment 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. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Stock Down 0.8 %

NASDAQ NFLX opened at $753.74 on Thursday. The stock has a market cap of $322.19 billion, a PE ratio of 42.66, a P/E/G ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $404.63 and a fifty-two week high of $773.00. The business has a 50 day moving average price of $710.23 and a two-hundred day moving average price of $662.33. 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 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.