National Wealth Management Group LLC Invests $901,000 in Netflix, Inc. (NASDAQ:NFLX)

National Wealth Management Group LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,270 shares of the Internet television network’s stock, valued at approximately $901,000.

Other institutional investors have also bought and sold shares of the company. DigitalBridge Group Inc. lifted its holdings in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC lifted its holdings in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Netflix in the third quarter worth about $222,871,000. Finally, Venturi Wealth Management LLC lifted its holdings in Netflix by 27.5% in the third quarter. Venturi Wealth Management LLC now owns 3,077 shares of the Internet television network’s stock worth $2,182,000 after purchasing an additional 664 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Guggenheim upped their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. KeyCorp upped their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Canaccord Genuity Group upped their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Netflix Trading Up 0.5 %

NASDAQ:NFLX opened at $877.34 on Thursday. The stock’s 50 day moving average price is $765.83 and its 200 day moving average price is $696.40. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00. The company has a market capitalization of $375.03 billion, a P/E ratio of 49.65, a P/E/G ratio of 1.67 and a beta of 1.25. 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 (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 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 the consensus estimate of $9.77 billion. On average, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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. Over the last quarter, insiders have sold 185,866 shares of company stock worth $133,393,921. Insiders own 1.76% of the company’s stock.

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.