Northeast Financial Consultants Inc Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Northeast Financial Consultants Inc boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,026 shares of the Internet television network’s stock after purchasing an additional 21 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Netflix were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NFLX. RFG Advisory LLC lifted its stake in Netflix by 9.0% in the 2nd quarter. RFG Advisory LLC now owns 2,498 shares of the Internet television network’s stock worth $1,686,000 after purchasing an additional 206 shares in the last quarter. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Netflix in the second quarter worth about $1,033,000. S. R. Schill & Associates lifted its position in shares of Netflix by 412.6% in the second quarter. S. R. Schill & Associates now owns 1,794 shares of the Internet television network’s stock worth $1,211,000 after buying an additional 1,444 shares in the last quarter. D.B. Root & Company LLC boosted its stake in Netflix by 12.2% during the second quarter. D.B. Root & Company LLC now owns 772 shares of the Internet television network’s stock valued at $521,000 after buying an additional 84 shares during the last quarter. Finally, Occidental Asset Management LLC grew its holdings in Netflix by 31.1% during the 2nd quarter. Occidental Asset Management LLC now owns 768 shares of the Internet television network’s stock valued at $518,000 after buying an additional 182 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on NFLX shares. Wedbush reaffirmed an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a report on Monday, November 18th. KeyCorp increased their price objective 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. Oppenheimer boosted their target price on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $783.00.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,155 shares of company stock worth $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $934.74 on Friday. The stock has a market capitalization of $399.56 billion, a price-to-earnings ratio of 52.90, a P/E/G ratio of 1.76 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $448.32 and a twelve month high of $935.27. The stock has a fifty day simple moving average of $792.92 and a two-hundred day simple moving average of $710.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts predict 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.