Advisor Resource Council Makes New $344,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Advisor Resource Council bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 485 shares of the Internet television network’s stock, valued at approximately $344,000.

Other large investors have also recently made changes to their positions in the company. DigitalBridge Group Inc. grew its position in Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the last quarter. M&G Plc purchased a new stake in shares of Netflix during the first quarter valued at approximately $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of Netflix during the first quarter valued at $1,304,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $796.54 on Friday. The company has a fifty day simple moving average of $717.59 and a two-hundred day simple moving average of $667.98. Netflix, Inc. has a 52 week low of $433.68 and a 52 week high of $798.22. 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 firm has a market capitalization of $340.49 billion, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 242,112 shares of company stock valued at $169,954,456. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NFLX shares. Evercore ISI boosted their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Loop Capital raised their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. KeyCorp upped their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Barclays restated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Netflix has an average 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.