Kingsview Wealth Management LLC Buys 4,571 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kingsview Wealth Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,191 shares of the Internet television network's stock after purchasing an additional 4,571 shares during the period. Netflix makes up about 0.8% of Kingsview Wealth Management LLC's holdings, making the stock its 24th largest position. Kingsview Wealth Management LLC's holdings in Netflix were worth $37,727,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in shares of Netflix by 10.2% during the 1st quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network's stock worth $3,093,000 after buying an additional 471 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in Netflix in the 1st quarter valued at about $260,000. Lazard Asset Management LLC raised its stake in Netflix by 35.0% in the 1st quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network's stock valued at $78,010,000 after purchasing an additional 33,269 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Netflix by 9.3% in the 1st quarter. Kestra Advisory Services LLC now owns 43,017 shares of the Internet television network's stock valued at $26,126,000 after purchasing an additional 3,660 shares during the last quarter. Finally, BOKF NA raised its stake in Netflix by 28.0% in the 1st quarter. BOKF NA now owns 16,940 shares of the Internet television network's stock valued at $10,406,000 after purchasing an additional 3,709 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 0.0 %

Netflix stock traded up $0.31 during mid-day trading on Friday, hitting $897.79. The company's stock had a trading volume of 3,214,020 shares, compared to its average volume of 3,065,728. The firm's 50 day moving average is $755.40 and its 200 day moving average is $690.34. The company has a market cap of $383.77 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $908.00.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction 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 trade represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the sale, the chairman now directly owns 85 shares of the company's stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,866 shares of company stock valued at $133,393,921. Corporate insiders own 1.76% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NFLX. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Wolfe Research restated an "outperform" rating on shares of Netflix in a report on Friday, October 18th. Finally, Evercore ISI upped their price target on Netflix from $750.00 to $775.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Two research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $764.82.

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.