Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.1% in the third quarter, HoldingsChannel.com reports. The fund owned 362 shares of the Internet television network’s stock after acquiring an additional 27 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Netflix were worth $257,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC lifted its holdings in shares of Netflix by 10.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock valued at $1,225,000 after buying an additional 187 shares during the period. Capital Asset Advisory Services LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $232,000. Independence Bank of Kentucky lifted its holdings in shares of Netflix by 3.3% in the 1st quarter. Independence Bank of Kentucky now owns 1,095 shares of the Internet television network’s stock valued at $665,000 after buying an additional 35 shares during the period. Occidental Asset Management LLC lifted its holdings in shares of Netflix by 10.4% in the 1st quarter. Occidental Asset Management LLC now owns 586 shares of the Internet television network’s stock valued at $356,000 after buying an additional 55 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Netflix in the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.0 %

Shares of NFLX opened at $754.68 on Friday. The firm has a market cap of $322.60 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00. The company’s 50-day moving average price is $706.67 and its 200 day moving average price is $659.30. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Redburn Atlantic upped their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Canaccord Genuity Group upped their price target on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday, October 18th. KeyCorp upped their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group upped their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the business’s 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 sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the sale, the chairman now owns 57 shares in the company, valued at $35,991.51. This trade represents 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. Company insiders own 1.76% of the company’s stock.

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.