Steigerwald Gordon & Koch Inc. Acquires 19 Shares of Netflix, Inc. (NASDAQ:NFLX)

Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 453 shares of the Internet television network’s stock after acquiring an additional 19 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Netflix were worth $321,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in Netflix during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC lifted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Proffitt & Goodson Inc. boosted its stake in Netflix by 380.0% in 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 in the last quarter. AlphaMark Advisors LLC grew its position in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO raised its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Monday. Finally, Benchmark raised their target price on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $697.35.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 224,784 shares of company stock valued at $150,212,870 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 0.2 %

Shares of NASDAQ:NFLX traded up $1.24 during trading on Thursday, hitting $728.67. 906,802 shares of the company’s stock traded hands, compared to its average volume of 3,646,907. The company has a 50-day moving average price of $682.31 and a 200-day moving average price of $649.96. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $731.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $314.06 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the company earned $3.29 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.