Netflix, Inc. (NASDAQ:NFLX) Position Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,542 shares of the Internet television network’s stock after buying an additional 54 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Netflix were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in NFLX. Rehmann Capital Advisory Group increased its stake in Netflix by 4.7% during the third quarter. Rehmann Capital Advisory Group now owns 2,743 shares of the Internet television network’s stock valued at $1,946,000 after purchasing an additional 123 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Netflix by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,921 shares of the Internet television network’s stock valued at $2,781,000 after buying an additional 121 shares during the last quarter. Hobbs Group Advisors LLC raised its stake in Netflix by 1,283.3% during the third quarter. Hobbs Group Advisors LLC now owns 83 shares of the Internet television network’s stock worth $59,000 after acquiring an additional 77 shares during the period. Fortem Financial Group LLC lifted its holdings in Netflix by 5.8% in the third quarter. Fortem Financial Group LLC now owns 380 shares of the Internet television network’s stock worth $270,000 after acquiring an additional 21 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Netflix by 29.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 119,366 shares of the Internet television network’s stock valued at $84,663,000 after acquiring an additional 27,052 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX opened at $913.35 on Wednesday. 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 firm has a market cap of $390.42 billion, a PE ratio of 51.69, a P/E/G ratio of 1.80 and a beta of 1.27. The business has a fifty day simple moving average of $797.01 and a 200-day simple moving average of $712.57. Netflix, Inc. has a fifty-two week low of $457.21 and a fifty-two week high of $935.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. China Renaissance started coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. UBS Group increased their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Pivotal Research boosted their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $783.00.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on 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 in the company, 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 209,155 shares of company stock valued at $159,682,799 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

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.