Cohen Capital Management Inc. Purchases 600 Shares of Netflix, Inc. (NASDAQ:NFLX)

Cohen Capital Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 129.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,062 shares of the Internet television network’s stock after buying an additional 600 shares during the quarter. Cohen Capital Management Inc.’s holdings in Netflix were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Whittier Trust Co. boosted its holdings in Netflix by 3.2% in the 1st quarter. Whittier Trust Co. now owns 4,158 shares of the Internet television network’s stock valued at $2,525,000 after purchasing an additional 129 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Netflix by 53.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 722 shares of the Internet television network’s stock worth $438,000 after buying an additional 251 shares in the last quarter. Smith Salley Wealth Management increased its stake in Netflix by 3.5% during the 1st quarter. Smith Salley Wealth Management now owns 1,491 shares of the Internet television network’s stock worth $906,000 after acquiring an additional 51 shares during the period. Proficio Capital Partners LLC raised its holdings in Netflix by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 2,002 shares of the Internet television network’s stock valued at $1,216,000 after acquiring an additional 457 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Netflix by 491.0% during the 1st quarter. GSA Capital Partners LLP now owns 5,059 shares of the Internet television network’s stock valued at $3,072,000 after acquiring an additional 4,203 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $758.10 on Monday. Netflix, Inc. has a 1-year low of $429.61 and a 1-year high of $773.00. The company has a market cap of $324.06 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.46 and a beta of 1.25. The company’s fifty day moving average price is $712.96 and its two-hundred day moving average price is $664.70. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the company’s 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 owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,810 shares of company stock valued at $142,049,542 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NFLX shares. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Redburn Atlantic boosted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Citigroup boosted their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group raised their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.