Spirit of America Management Corp NY Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Spirit of America Management Corp NY lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,100 shares of the Internet television network’s stock after purchasing an additional 100 shares during the quarter. Spirit of America Management Corp NY’s holdings in Netflix were worth $780,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $754.55 on Friday. The company has a market capitalization of $322.54 billion, a P/E ratio of 42.70, a P/E/G ratio of 1.48 and a beta of 1.26. The stock’s fifty day simple moving average is $703.23 and its 200-day simple moving average is $657.75. Netflix, Inc. has a 52-week low of $395.62 and a 52-week high of $773.00. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,711 shares of company stock worth $153,905,830. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Macquarie restated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, The Goldman Sachs Group set a $750.00 price objective on 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 given a buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

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.