Thrivent Financial for Lutherans Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Thrivent Financial for Lutherans boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,276 shares of the Internet television network’s stock after acquiring an additional 4,348 shares during the period. Thrivent Financial for Lutherans’ holdings in Netflix were worth $49,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. grew 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 acquiring an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. AlphaMark Advisors LLC grew its stake 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 worth $35,000 after acquiring an additional 45 shares during the period. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the third quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Canaccord Genuity Group boosted their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $753.45.

Netflix Trading Up 2.8 %

NFLX stock opened at $847.05 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $848.45. The stock has a market capitalization of $362.08 billion, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The firm’s fifty day simple moving average is $739.20 and its two-hundred day simple moving average is $683.35.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,277 shares of company stock worth $132,875,601. 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.