Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Western Financial Corp CA

Western Financial Corp CA grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,821 shares of the Internet television network’s stock after buying an additional 1,244 shares during the quarter. Netflix makes up 2.3% of Western Financial Corp CA’s holdings, making the stock its 5th biggest holding. Western Financial Corp CA’s holdings in Netflix were worth $4,129,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Heartland Bank & Trust Co grew its stake in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the last quarter. Cedrus LLC increased its holdings in Netflix by 0.8% during the 3rd 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 in the last quarter. Meritas Wealth Management LLC lifted its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares in the last quarter. Stage Harbor Financial LLC raised its position in Netflix by 4.8% in the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after buying an additional 16 shares during the last quarter. Finally, Compass Ion Advisors LLC raised its holdings in shares of Netflix by 4.5% in the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock valued at $262,000 after purchasing an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 225,167 shares of company stock worth $150,492,460. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.6 %

NFLX traded up $4.82 during trading on Monday, reaching $768.71. The company had a trading volume of 4,847,080 shares, compared to its average volume of 3,728,967. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52 week low of $395.62 and a 52 week high of $773.00. The stock has a market cap of $331.31 billion, a P/E ratio of 52.74, a PEG ratio of 1.49 and a beta of 1.26. The business has a 50 day simple moving average of $696.38 and a 200-day simple moving average of $655.12.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Guggenheim raised their price objective on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

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.