Financial Counselors Inc. Buys 430 Shares of Netflix, Inc. (NASDAQ:NFLX)

Financial Counselors Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,133 shares of the Internet television network’s stock after purchasing an additional 430 shares during the period. Financial Counselors Inc.’s holdings in Netflix were worth $7,225,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth approximately $25,000. Carmel Capital Partners LLC grew its position in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Evermay Wealth Management LLC grew its position in shares of Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after acquiring an additional 56 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in shares of Netflix in the 4th quarter worth $42,000. Finally, KB Financial Partners LLC increased its stake in shares of Netflix by 108.5% in the 2nd quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. Canaccord Genuity Group upped their price objective on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on Netflix from $510.00 to $610.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen increased their price target on Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Guggenheim increased their price target on Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets increased their price target on Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $553.33.

Get Our Latest Stock Report on NFLX

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 81,347 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $435.33, for a total value of $35,412,789.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 81,347 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $435.33, for a total value of $35,412,789.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 19,876 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $495.00, for a total transaction of $9,838,620.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $15,646,950. The disclosure for this sale can be found here. Insiders have sold 258,037 shares of company stock valued at $127,771,740 in the last ninety days. 2.45% of the stock is owned by company insiders.

Netflix Stock Down 2.2 %

Shares of NASDAQ:NFLX opened at $562.85 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12 month low of $285.33 and a 12 month high of $579.64. The company has a 50-day moving average price of $486.66 and a 200 day moving average price of $441.20. The company has a market cap of $243.58 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 1.57 and a beta of 1.28.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same period last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 16.93 earnings per share for the current year.

Netflix Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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