425 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 425 shares of the Internet television network’s stock, valued at approximately $301,000.

Several other large investors have also recently made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in Netflix in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO lifted its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Proffitt & Goodson Inc. boosted its position in Netflix by 380.0% in the 2nd 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 period. Finally, AlphaMark Advisors LLC increased its holdings 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 period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NFLX shares. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group set a $750.00 price target on Netflix in a report on Friday. Benchmark restated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Activity

In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,711 shares of company stock worth $153,905,830 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 1.0 %

Netflix stock traded down $7.79 during midday trading on Tuesday, hitting $764.28. 2,604,333 shares of the company were exchanged, compared to its average volume of 3,729,372. The company’s fifty day moving average price is $699.16 and its 200-day moving average price is $656.21. The company has a market cap of $329.40 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. 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 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.