Meitav Investment House Ltd. Purchases 2,551 Shares of Netflix, Inc. (NASDAQ:NFLX)

Meitav Investment House Ltd. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 13.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,145 shares of the Internet television network’s stock after purchasing an additional 2,551 shares during the quarter. Meitav Investment House Ltd.’s holdings in Netflix were worth $14,989,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Netflix in the 1st quarter valued at $230,000. Kovack Advisors Inc. boosted its position in Netflix by 13.9% during the first quarter. Kovack Advisors Inc. now owns 1,891 shares of the Internet television network’s stock valued at $1,148,000 after buying an additional 231 shares during the period. Veracity Capital LLC grew its stake in shares of Netflix by 44.8% during the first quarter. Veracity Capital LLC now owns 640 shares of the Internet television network’s stock valued at $389,000 after buying an additional 198 shares during the last quarter. FORVIS Wealth Advisors LLC increased its holdings in shares of Netflix by 119.4% in the first quarter. FORVIS Wealth Advisors LLC now owns 974 shares of the Internet television network’s stock worth $592,000 after buying an additional 530 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of Netflix by 6.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 7,459 shares of the Internet television network’s stock valued at $4,530,000 after acquiring an additional 457 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock opened at $753.47 on Thursday. The stock’s 50 day moving average is $710.23 and its 200 day moving average is $662.33. The company has a market capitalization of $322.08 billion, a P/E ratio of 42.66, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a twelve month low of $404.63 and a twelve month high of $773.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at $185,976. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,810 shares of company stock valued at $142,049,542. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Sanford C. Bernstein raised their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a report on Friday, October 18th. Bank of America upped their price target on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Pivotal Research upped their price objective 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. Two research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.