Investmark Advisory Group LLC Buys 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Investmark Advisory Group LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 653 shares of the Internet television network’s stock after buying an additional 50 shares during the period. Investmark Advisory Group LLC’s holdings in Netflix were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth approximately $25,000. Denver PWM LLC purchased a new stake in Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Bank of America raised their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI lifted their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday. Canaccord Genuity Group raised their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report 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 assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $775.58.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,792 shares of company stock valued at $116,320,533 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $897.11 on Tuesday. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The firm has a fifty day simple moving average of $773.01 and a 200 day simple moving average of $700.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $383.48 billion, a PE ratio of 50.81, a P/E/G ratio of 1.71 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current 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.