Integris Wealth Management LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Integris Wealth Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337 shares of the Internet television network’s stock after purchasing an additional 35 shares during the quarter. Integris Wealth Management LLC’s holdings in Netflix were worth $239,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DigitalBridge Group Inc. raised its holdings in shares of 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 buying an additional 9,451 shares during the period. M&G Plc purchased a new stake in Netflix during the 1st quarter worth approximately $9,682,000. BSN CAPITAL PARTNERS Ltd increased its holdings in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings 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 worth $55,968,000 after purchasing an additional 30,511 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of Netflix by 14.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after acquiring an additional 1,342 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 11.1 %

NFLX stock traded up $76.24 during midday trading on Friday, hitting $763.89. 15,974,119 shares of the company’s stock were exchanged, compared to its average volume of 3,723,201. The stock’s fifty day moving average price is $696.38 and its 200-day moving average price is $654.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $329.24 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a one year low of $392.26 and a one year high of $766.28.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.29 earnings per share. Research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Pivotal Research lifted their target price on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC boosted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group boosted their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday. Macquarie restated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $739.38.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is 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.