Schneider Downs Wealth Management Advisors LP Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Schneider Downs Wealth Management Advisors LP bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 677 shares of the Internet television network’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. The trade was a 99.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,084 shares of company stock worth $146,747,101. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $823.96 on Friday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $841.00. The stock has a market capitalization of $352.21 billion, a PE ratio of 46.63, a PEG ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $735.77 and a 200-day simple moving average of $680.46.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Loop Capital lifted their price objective on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Citigroup raised their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group boosted their target price on shares of 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.