Netflix, Inc. (NASDAQ:NFLX) Holdings Boosted by M3 Advisory Group LLC

M3 Advisory Group LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 738 shares of the Internet television network’s stock after purchasing an additional 109 shares during the quarter. M3 Advisory Group LLC’s holdings in Netflix were worth $523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Claro Advisors LLC raised its position in Netflix by 776.3% during the third quarter. Claro Advisors LLC now owns 21,845 shares of the Internet television network’s stock valued at $15,494,000 after buying an additional 19,352 shares during the period. V Square Quantitative Management LLC grew its stake in Netflix by 29.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,013 shares of the Internet television network’s stock valued at $2,137,000 after acquiring an additional 690 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in Netflix by 12.5% during the 3rd quarter. Sax Wealth Advisors LLC now owns 1,892 shares of the Internet television network’s stock valued at $1,342,000 after acquiring an additional 210 shares in the last quarter. BCS Wealth Management increased its holdings in shares of Netflix by 30.5% in the 3rd quarter. BCS Wealth Management now owns 936 shares of the Internet television network’s stock valued at $664,000 after purchasing an additional 219 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its position in shares of Netflix by 27.4% in the third quarter. Onyx Bridge Wealth Group LLC now owns 1,191 shares of the Internet television network’s stock worth $845,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock worth $150,492,460 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NFLX shares. Guggenheim upped their price objective on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday. Rosenblatt Securities lifted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Canaccord Genuity Group lifted their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $731.94.

Netflix Price Performance

NASDAQ NFLX traded up $72.75 on Friday, reaching $760.40. The company’s stock had a trading volume of 7,073,737 shares, compared to its average volume of 3,675,849. The firm has a market cap of $327.73 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The business has a 50-day moving average price of $693.78 and a 200 day moving average price of $653.62. Netflix, Inc. has a 52 week low of $392.26 and a 52 week high of $761.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

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.