Cerity Partners LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cerity Partners LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 43.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,471 shares of the Internet television network’s stock after buying an additional 25,207 shares during the quarter. Cerity Partners LLC’s holdings in Netflix were worth $59,203,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NFLX. Advisors Asset Management Inc. lifted its stake in Netflix by 10.2% in the 1st quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock worth $3,093,000 after purchasing an additional 471 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in Netflix in the 1st quarter worth $260,000. Caxton Associates LP purchased a new stake in Netflix in the 1st quarter worth $11,945,000. Captrust Financial Advisors increased its holdings in shares of Netflix by 161.3% in the 1st quarter. Captrust Financial Advisors now owns 289,801 shares of the Internet television network’s stock worth $176,005,000 after buying an additional 178,903 shares during the last quarter. Finally, Waverly Advisors LLC increased its holdings in shares of Netflix by 58.2% in the 1st quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock worth $2,046,000 after buying an additional 1,239 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.0 %

NFLX stock opened at $897.79 on Friday. The firm has a market cap of $383.77 billion, a PE ratio of 50.81, a P/E/G ratio of 1.73 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. The firm’s fifty day moving average is $755.40 and its 200 day moving average is $690.93. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on NFLX shares. Evercore ISI boosted their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. UBS Group boosted their target price 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, Needham & Company LLC upped their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities 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.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $764.82.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is 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.