Safe Harbor Fiduciary LLC Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Safe Harbor Fiduciary LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100 shares of the Internet television network’s stock, valued at approximately $71,000.

Other large investors also recently made changes to their positions in the company. Csenge Advisory Group increased its holdings in Netflix by 13.1% in the 2nd quarter. Csenge Advisory Group now owns 1,536 shares of the Internet television network’s stock valued at $1,037,000 after purchasing an additional 178 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Netflix by 19.1% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 6,272 shares of the Internet television network’s stock worth $4,233,000 after purchasing an additional 1,004 shares during the last quarter. CCM Investment Advisers LLC lifted its position in shares of Netflix by 0.5% during the second quarter. CCM Investment Advisers LLC now owns 26,872 shares of the Internet television network’s stock worth $18,135,000 after purchasing an additional 122 shares during the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Netflix by 21.1% during the second quarter. CHICAGO TRUST Co NA now owns 797 shares of the Internet television network’s stock worth $538,000 after purchasing an additional 139 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its holdings in Netflix by 22.6% in the second quarter. Orrstown Financial Services Inc. now owns 813 shares of the Internet television network’s stock worth $549,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,155 shares of company stock valued at $159,682,799 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday. Pivotal Research lifted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, Macquarie restated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $775.58.

Netflix Stock Up 1.0 %

NFLX opened at $911.06 on Thursday. The firm’s 50-day simple moving average is $784.25 and its 200-day simple moving average is $706.19. The firm has a market cap of $389.44 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $915.97.

Netflix (NASDAQ:NFLX) last posted its 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. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Netflix Company 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.