Welch Group LLC Buys 86 Shares of Netflix, Inc. (NASDAQ:NFLX)

Welch Group LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 751 shares of the Internet television network’s stock after buying an additional 86 shares during the period. Welch Group LLC’s holdings in Netflix were worth $533,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC acquired a new stake in shares of Netflix in the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Netflix during the second quarter valued at approximately $38,000. Finally, Summit Securities Group LLC bought a new stake in Netflix during the second quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NFLX shares. Loop Capital lifted their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein upped their target price on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Guggenheim lifted their price target on Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Macquarie reissued an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’s 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 sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents 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 the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 over the last 90 days. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $1.61 during midday trading on Monday, hitting $753.07. 295,637 shares of the company’s stock were exchanged, compared to its average volume of 3,705,201. The business’s fifty day moving average price is $706.67 and its two-hundred day moving average price is $659.88. The company has a market cap of $324.57 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 12-month low of $399.41 and a 12-month high of $773.00. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

About Netflix

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.