Dearborn Partners LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dearborn Partners LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 19.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,041 shares of the Internet television network’s stock after acquiring an additional 169 shares during the period. Dearborn Partners LLC’s holdings in Netflix were worth $738,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares in the last quarter. Heartland Bank & Trust Co raised its holdings in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC lifted its stake in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC boosted its holdings in shares of Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares during the last quarter. Finally, Meritas Wealth Management LLC grew its position in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.6 %

Shares of NASDAQ:NFLX opened at $823.96 on Friday. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. The firm’s 50 day moving average price is $732.60 and its 200 day moving average price is $677.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $352.21 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last announced 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. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $22,127,000. The trade was a 30.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction that occurred on 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. Insiders sold 205,084 shares of company stock valued at $146,747,101 in the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. KeyCorp boosted their price target 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. BMO Capital Markets restated an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Macquarie reiterated an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two investment 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 MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Company 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.