Cobblestone Capital Advisors LLC NY Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cobblestone Capital Advisors LLC NY raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 681 shares of the Internet television network’s stock after buying an additional 36 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Netflix were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. New World Advisors LLC increased its holdings in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares during the last quarter. Heartland Bank & Trust Co increased its stake in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC increased its stake in Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after acquiring an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC raised its position in Netflix by 0.6% during the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC lifted its stake in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Loop Capital increased their price target on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Rosenblatt Securities increased their target price 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. Macquarie reaffirmed an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Netflix Stock Performance

NFLX stock opened at $886.81 on Monday. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. The firm has a market cap of $379.08 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day simple moving average of $773.01 and a two-hundred day simple moving average of $700.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 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 net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 99.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, 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 185,866 shares of company stock valued at $133,393,921 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

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.