Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,151 shares of the Internet television network’s stock after buying an additional 800 shares during the period. Summit Trail Advisors LLC’s holdings in Netflix were worth $3,653,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. boosted its stake in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during 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 stake in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in Netflix during the 3rd quarter valued at about $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This trade represents a 25.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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. In the last 90 days, insiders sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $897.79 on Friday. The stock has a market cap of $383.77 billion, a P/E ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. The company has a fifty day moving average price of $755.40 and a 200 day moving average price of $690.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wedbush reissued an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

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.