33 Shares in Netflix, Inc. $NFLX Acquired by Mid American Wealth Advisory Group Inc.

Mid American Wealth Advisory Group Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33 shares of the Internet television network’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its holdings in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group increased its holdings in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Sava Infond d.o.o. boosted its stake in Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after purchasing an additional 14 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

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

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating on shares of Netflix in a report on Wednesday, October 15th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Two equities 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 company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,339.81.

Netflix 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.