Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.7% in the 3rd quarter, Holdings Channel reports. The firm owned 6,918 shares of the Internet television network’s stock after buying an additional 832 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Netflix were worth $4,907,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter worth $25,000. Proffitt & Goodson Inc. boosted its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $847.05 on Tuesday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $848.45. The firm’s 50 day moving average is $739.20 and its 200-day moving average is $683.35. The company has a market capitalization of $362.08 billion, a PE ratio of 47.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. 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 (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays reissued an “underweight” rating and set a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. China Renaissance began coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Benchmark reissued a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Finally, Citigroup raised their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. 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’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $753.45.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 185,277 shares of company stock worth $132,875,601 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

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.