Fonville Wealth Management LLC Acquires Shares of 343 Netflix, Inc. (NASDAQ:NFLX)

Fonville Wealth Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 343 shares of the Internet television network’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Hennion & Walsh Asset Management Inc. bought a new position in Netflix in the 1st quarter worth approximately $230,000. FORVIS Wealth Advisors LLC boosted its stake in Netflix by 119.4% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 974 shares of the Internet television network’s stock valued at $592,000 after purchasing an additional 530 shares in the last quarter. Smith Group Asset Management LLC bought a new position in Netflix during the 1st quarter valued at $377,000. Prosperity Consulting Group LLC bought a new position in Netflix during the 1st quarter valued at $884,000. Finally, Blue Trust Inc. boosted its stake in Netflix by 22.9% during the 1st quarter. Blue Trust Inc. now owns 1,084 shares of the Internet television network’s stock valued at $658,000 after purchasing an additional 202 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % 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, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were 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 directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,810 shares of company stock valued at $142,049,542 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 0.7 %

Netflix stock traded up $5.06 during mid-day trading on Friday, hitting $761.09. 888,673 shares of the company’s stock were exchanged, compared to its average volume of 3,691,402. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $325.34 billion, a P/E ratio of 43.16, a P/E/G ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 1-year low of $417.10 and a 1-year high of $773.00. The stock has a 50 day moving average of $711.57 and a two-hundred day moving average of $662.98.

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. Piper Sandler reaffirmed an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein raised their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group raised their price objective on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target 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.