Retireful LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Retireful LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 903 shares of the Internet television network's stock, valued at approximately $640,000.

Other institutional investors have also made changes to their positions in the company. Denver PWM LLC purchased a new stake in shares of Netflix in the second quarter worth approximately $25,000. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd 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 increased its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock worth $35,000 after acquiring an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the third quarter worth $37,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Barclays reissued an "underweight" rating and issued a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Loop Capital raised their price target on shares of Netflix from $750.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Rosenblatt Securities increased their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a "neutral" rating in a research 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $758.76.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the business'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 transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $12.53 during trading on Wednesday, reaching $883.85. The company had a trading volume of 4,088,428 shares, compared to its average volume of 3,663,830. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $890.60. The business's 50 day moving average price is $743.15 and its 200-day moving average price is $685.41. The stock has a market cap of $377.81 billion, a PE ratio of 49.36, a PEG ratio of 1.59 and a beta of 1.25. 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 (NASDAQ:NFLX - Get Free Report) last posted 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 for 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%. Analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.