D Orazio & Associates Inc. Has $807,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

D Orazio & Associates Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,138 shares of the Internet television network’s stock after acquiring an additional 160 shares during the quarter. D Orazio & Associates Inc.’s holdings in Netflix were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Netflix by 18.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 5,602 shares of the Internet television network’s stock worth $3,973,000 after purchasing an additional 869 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of Netflix by 6.5% during the 3rd quarter. Kovack Advisors Inc. now owns 2,123 shares of the Internet television network’s stock worth $1,506,000 after purchasing an additional 129 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Netflix by 0.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 76,579 shares of the Internet television network’s stock worth $54,315,000 after purchasing an additional 255 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Netflix by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 28,750 shares of the Internet television network’s stock worth $20,392,000 after purchasing an additional 859 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Netflix by 0.7% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,304 shares of the Internet television network’s stock worth $4,471,000 after purchasing an additional 44 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock traded up $9.50 during trading on Wednesday, hitting $829.00. The company had a trading volume of 865,240 shares, compared to its average volume of 3,653,468. The company has a fifty day moving average price of $726.52 and a two-hundred day moving average price of $675.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $354.36 billion, a P/E ratio of 46.77, a P/E/G ratio of 1.55 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $445.64 and a fifty-two week high of $832.85.

Netflix (NASDAQ:NFLX) last announced 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 business had revenue of $9.82 billion for 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%. Equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock valued at $146,747,101 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NFLX shares. Bank of America raised their price target on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital raised their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wedbush raised their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, KeyCorp raised their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two 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, Netflix currently has an average rating of “Moderate Buy” and an average target price of $748.15.

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.