PFG Investments LLC Has $4.28 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

PFG Investments LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,037 shares of the Internet television network’s stock after acquiring an additional 479 shares during the quarter. PFG Investments LLC’s holdings in Netflix were worth $4,282,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in Netflix in the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in Netflix in the 2nd quarter worth $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The trade was 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 this link. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $26,975,430. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 0.0 %

Shares of NASDAQ:NFLX traded up $0.13 during trading on Friday, hitting $754.68. 2,819,473 shares of the company’s stock were exchanged, compared to its average volume of 3,721,664. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $322.60 billion, a P/E ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26. The firm has a 50-day moving average price of $706.67 and a two-hundred day moving average price of $659.30. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Pivotal Research increased their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. KeyCorp boosted their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. 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. Guggenheim increased their price objective on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

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.