Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,898 shares of the Internet television network’s stock after buying an additional 773 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Netflix were worth $6,311,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in 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 purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its position in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in Netflix in the second quarter valued at $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction 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 can be accessed through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Insiders have sold a total of 229,477 shares of company stock valued at $160,300,776 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.1 %

NASDAQ:NFLX traded down $0.81 during trading hours on Wednesday, reaching $763.10. The company’s stock had a trading volume of 648,597 shares, compared to its average volume of 3,671,799. The business’s 50-day moving average is $715.67 and its 200-day moving average is $667.19. Netflix, Inc. has a one year low of $431.00 and a one year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $326.19 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Piper Sandler reissued an “overweight” rating and set a $840.00 price target (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Loop Capital lifted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wedbush raised their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

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.