Pittenger & Anderson Inc. Acquires 858 Shares of Netflix, Inc. $NFLX

Pittenger & Anderson Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,050 shares of the Internet television network’s stock after acquiring an additional 858 shares during the period. Pittenger & Anderson Inc.’s holdings in Netflix were worth $20,154,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Maseco LLP bought a new position in Netflix during the 2nd quarter valued at about $39,000. Ransom Advisory Ltd bought a new position in Netflix during the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC lifted its holdings in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after purchasing an additional 37 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Insiders own 1.37% of the company’s stock.

Netflix Trading Up 3.3%

Shares of NASDAQ NFLX opened at $1,238.56 on Tuesday. Netflix, Inc. has a 1-year low of $744.26 and a 1-year high of $1,341.15. The company has a market cap of $526.30 billion, a PE ratio of 52.77, a P/E/G ratio of 2.02 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $1,213.87 and a two-hundred day moving average of $1,182.08.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Citigroup reissued a “neutral” rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Barclays reissued a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,339.81.

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.