Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,542 shares of the Internet television network’s stock after buying an additional 54 shares during the period. Hohimer Wealth Management LLC’s holdings in Netflix were worth $1,094,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the 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 sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. 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. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.0 %

Shares of NFLX stock opened at $913.35 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $390.42 billion, a price-to-earnings ratio of 51.69, a PEG ratio of 1.80 and a beta of 1.27. The firm has a 50-day moving average price of $797.01 and a 200 day moving average price of $712.57. Netflix, Inc. has a twelve month low of $457.21 and a twelve month high of $935.27.

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 return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Loop Capital boosted their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group increased their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, UBS Group upped their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $783.00.

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.