Segall Bryant & Hamill LLC Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Segall Bryant & Hamill LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,839 shares of the Internet television network's stock, valued at approximately $28,966,000.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays restated an "underweight" rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Wolfe Research restated an "outperform" rating on shares of Netflix in a research report on Friday, October 18th. Morgan Stanley increased their price objective on Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $758.76.

Netflix Stock Up 0.9 %

Shares of NFLX stock traded up $7.59 on Wednesday, reaching $878.91. 2,662,978 shares of the stock were exchanged, compared to its average volume of 3,657,504. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $890.33. The business's 50 day moving average price is $743.15 and its 200 day moving average price is $685.41. The company has a market capitalization of $375.70 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 1.59 and a beta of 1.25.

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, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.77 billion. As a group, sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, 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 value of $517,722.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,277 shares of company stock worth $132,875,601 in the last three months. 1.76% of the stock is currently owned by company 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.