Concurrent Investment Advisors LLC Has $6.31 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Concurrent Investment Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,898 shares of the Internet television network’s stock after acquiring an additional 773 shares during the period. Concurrent Investment Advisors LLC’s holdings in Netflix were worth $6,311,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. New World Advisors LLC boosted its holdings in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the last quarter. Heartland Bank & Trust Co lifted its holdings in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Cedrus LLC boosted its position in Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after acquiring an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC grew its holdings in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after acquiring an additional 15 shares during the period. Finally, Meritas Wealth Management LLC raised its position in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Benchmark reiterated a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Jefferies Financial Group increased 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. Redburn Atlantic raised their price target 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. Citigroup lifted their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Loop Capital increased their price objective on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Trading Down 0.1 %

NASDAQ NFLX traded down $0.81 during trading hours on Wednesday, hitting $763.10. 648,597 shares of the company were exchanged, compared to its average volume of 3,671,799. The stock has a market cap of $326.19 billion, a PE ratio of 43.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 52 week low of $431.00 and a 52 week high of $773.00. The stock has a 50-day moving average price of $715.67 and a 200 day moving average price of $667.19. 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 Activity

In other news, Director Leslie J. Kilgore sold 358 shares of the firm’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 completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. 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 accessible through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,477 shares of company stock valued at $160,300,776. 1.76% of the stock is currently owned by insiders.

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.