Prime Capital Investment Advisors LLC Has $11.10 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Prime Capital Investment Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,645 shares of the Internet television network’s stock after selling 3,050 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Netflix were worth $11,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. lifted 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 worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC increased its position in Netflix by 642.9% in 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 last quarter. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $8.61 during mid-day trading on Tuesday, reaching $814.05. 462,589 shares of the company’s stock were exchanged, compared to its average volume of 3,655,462. Netflix, Inc. has a one year low of $442.60 and a one year high of $815.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day simple moving average is $723.63 and its two-hundred day simple moving average is $673.70. The firm has a market capitalization of $347.97 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several recent research reports. Benchmark reissued a “sell” rating and issued a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price target on Netflix in a report on Friday, October 18th. Guggenheim upped their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Wedbush upped their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,437 shares of company stock worth $146,229,378 over the last ninety days. 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.