Dearborn Partners LLC Buys 169 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dearborn Partners LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,041 shares of the Internet television network’s stock after purchasing an additional 169 shares during the quarter. Dearborn Partners LLC’s holdings in Netflix were worth $738,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in Netflix by 2.0% in the third quarter. CIBC Asset Management Inc now owns 221,912 shares of the Internet television network’s stock worth $157,307,000 after purchasing an additional 4,348 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Netflix by 4.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,163 shares of the Internet television network’s stock worth $4,371,000 after buying an additional 279 shares during the period. Sargent Investment Group LLC bought a new position in shares of Netflix in the 3rd quarter worth about $213,000. Intelligence Driven Advisers LLC lifted its position in Netflix by 13.9% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 1,191 shares of the Internet television network’s stock valued at $845,000 after acquiring an additional 145 shares during the period. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in Netflix by 17.8% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 794 shares of the Internet television network’s stock worth $563,000 after acquiring an additional 120 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The trade was a 30.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock worth $146,747,101 over the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.6 %

Shares of NFLX stock opened at $823.96 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day simple moving average of $732.60 and a two-hundred day simple moving average of $677.72. The firm has a market capitalization of $352.21 billion, a PE ratio of 46.63, a PEG ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.77 billion. On average, analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Oppenheimer raised their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.