Stanley Laman Group Ltd. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Stanley Laman Group Ltd. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 40.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079 shares of the Internet television network’s stock after acquiring an additional 312 shares during the period. Stanley Laman Group Ltd.’s holdings in Netflix were worth $765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Symphony Financial Ltd. Co. raised its position in shares of Netflix by 1.0% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 2,565 shares of the Internet television network’s stock worth $1,814,000 after purchasing an additional 25 shares during the last quarter. Blodgett Wealth Advisors LLC purchased a new position in Netflix in the third quarter worth about $301,000. Waldron Private Wealth LLC lifted its stake in shares of Netflix by 4.1% in the third quarter. Waldron Private Wealth LLC now owns 3,210 shares of the Internet television network’s stock worth $2,277,000 after buying an additional 125 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of Netflix by 16.1% during the third quarter. Leo Wealth LLC now owns 1,754 shares of the Internet television network’s stock valued at $1,244,000 after buying an additional 243 shares during the last quarter. Finally, WT Wealth Management increased its position in shares of Netflix by 1.1% during the third quarter. WT Wealth Management now owns 3,357 shares of the Internet television network’s stock valued at $2,565,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.0 %

NASDAQ NFLX opened at $749.29 on Thursday. The stock has a 50 day moving average price of $703.23 and a 200-day moving average price of $657.75. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company has a market capitalization of $322.94 billion, a P/E ratio of 52.00, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,711 shares of company stock valued at $153,905,830. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. TD Cowen lifted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Pivotal Research upped their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Argus lifted their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Barclays restated an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $747.70.

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.