Raab & Moskowitz Asset Management LLC Has $788,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Raab & Moskowitz Asset Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,111 shares of the Internet television network’s stock after purchasing an additional 50 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Netflix were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. New World Advisors LLC lifted its stake in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares in the last quarter. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC boosted its holdings in Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC grew its position in Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC increased its stake in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $934.74 on Monday. The business’s 50-day moving average price is $792.92 and its 200-day moving average price is $710.61. The firm has a market capitalization of $399.56 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Netflix, Inc. has a 12 month low of $448.32 and a 12 month high of $935.27. 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 (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NFLX. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein raised their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Rosenblatt Securities boosted their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $783.00.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,490,250. This trade represents a 25.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,155 shares of company stock valued at $159,682,799. 1.76% of the stock is currently 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.