VitalStone Financial LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

VitalStone Financial LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 25.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 379 shares of the Internet television network’s stock after purchasing an additional 76 shares during the period. VitalStone Financial LLC’s holdings in Netflix were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Thurston Springer Miller Herd & Titak Inc. raised its stake in Netflix by 210.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,163 shares of the Internet television network’s stock worth $825,000 after buying an additional 788 shares in the last quarter. Capricorn Fund Managers Ltd raised its position in shares of Netflix by 28.0% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,664 shares of the Internet television network’s stock worth $1,180,000 after acquiring an additional 364 shares in the last quarter. Sunflower Bank N.A. lifted its stake in shares of Netflix by 9.5% during the 3rd quarter. Sunflower Bank N.A. now owns 563 shares of the Internet television network’s stock worth $399,000 after purchasing an additional 49 shares during the last quarter. CVA Family Office LLC boosted its position in Netflix by 3.8% during the third quarter. CVA Family Office LLC now owns 905 shares of the Internet television network’s stock valued at $642,000 after purchasing an additional 33 shares in the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new position in Netflix in the third quarter valued at about $223,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 0.3 %

Netflix stock opened at $724.99 on Monday. The business has a 50 day simple moving average of $686.60 and a 200-day simple moving average of $651.60. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $736.00. The stock has a market capitalization of $312.47 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

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

Analysts Set New Price Targets

Several analysts have commented on NFLX shares. Sanford C. Bernstein increased their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Piper Sandler raised shares of Netflix from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $650.00 to $800.00 in a report on Monday, October 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $750.00 price target on shares of Netflix in a research report on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Oppenheimer boosted their target price on Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Thursday. Two 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $702.79.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 225,167 shares of company stock worth $150,492,460. Corporate 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.