Rosenberg Matthew Hamilton Buys 30 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rosenberg Matthew Hamilton increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 463 shares of the Internet television network’s stock after acquiring an additional 30 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Netflix were worth $328,000 as of its most recent filing with the SEC.

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

Netflix Trading Up 0.1 %

NASDAQ:NFLX traded up $1.10 during trading hours on Thursday, reaching $754.84. 740,468 shares of the stock were exchanged, compared to its average volume of 3,693,301. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $710.23 and a two-hundred day moving average of $662.33. Netflix, Inc. has a twelve month low of $404.63 and a twelve month high of $773.00. The company has a market capitalization of $322.66 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 1.45 and a beta of 1.26.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. 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 this hyperlink. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,810 shares of company stock valued at $142,049,542. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. UBS Group raised their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. China Renaissance began coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Finally, Pivotal Research raised their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.