Blake Schutter Theil Wealth Advisors LLC Takes $667,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Blake Schutter Theil Wealth Advisors LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 941 shares of the Internet television network’s stock, valued at approximately $667,000.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted 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 buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted 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 valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix during the 2nd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NFLX shares. UBS Group lifted their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Macquarie restated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Barclays reiterated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The trade was 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. In related news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. Insiders have sold a total of 242,112 shares of company stock worth $169,954,456 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NFLX stock opened at $780.21 on Thursday. The company has a market capitalization of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company’s fifty day moving average price is $717.59 and its 200-day moving average price is $667.98. Netflix, Inc. has a one year low of $431.00 and a one year high of $781.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.