Heron Financial Group LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,098 shares of the Internet television network’s stock after buying an additional 85 shares during the period. Heron Financial Group LLC’s holdings in Netflix were worth $572,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Engrave Wealth Partners LLC increased its stake in shares of Netflix by 65.0% in the second quarter. Engrave Wealth Partners LLC now owns 66 shares of the Internet television network’s stock worth $30,000 after buying an additional 26 shares during the last quarter. Motco increased its stake in Netflix by 57.1% during the second quarter. Motco now owns 66 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 24 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in Netflix by 688.9% during the second quarter. Kistler Tiffany Companies LLC now owns 71 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Northern Oak Wealth Management Inc. increased its stake in Netflix by 39.7% during the first quarter. Northern Oak Wealth Management Inc. now owns 88 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 25 shares during the last quarter. Finally, Virtus ETF Advisers LLC bought a new stake in Netflix during the second quarter valued at $56,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NFLX has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “buy” rating and set a $573.00 target price on shares of Netflix in a research note on Wednesday, August 19th. Societe Generale reiterated a “sell” rating and set a $270.00 target price on shares of Netflix in a research note on Tuesday, July 21st. Barclays boosted their target price on shares of Netflix from $420.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Raymond James assumed coverage on shares of Netflix in a report on Wednesday, September 9th. They set a “market perform” rating for the company. Finally, UBS Group boosted their price target on shares of Netflix from $575.00 to $670.00 and gave the company a “buy” rating in a report on Friday. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Netflix presently has an average rating of “Hold” and a consensus price target of $510.17.

In other Netflix news, CEO Reed Hastings sold 43,239 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $494.83, for a total transaction of $21,395,954.37. Following the sale, the chief executive officer now owns 43,239 shares in the company, valued at approximately $21,395,954.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 1,481 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $485.57, for a total value of $719,129.17. Following the sale, the director now owns 35,643 shares in the company, valued at approximately $17,307,171.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,544 shares of company stock worth $97,503,985. Corporate insiders own 3.40% of the company’s stock.

Netflix stock traded down $11.15 during midday trading on Friday, hitting $530.79. The company’s stock had a trading volume of 6,347,363 shares, compared to its average volume of 7,479,434. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.64. The stock’s 50-day moving average price is $507.55 and its 200-day moving average price is $463.66. Netflix, Inc. has a 12 month low of $265.80 and a 12 month high of $575.37. The company has a market capitalization of $234.09 billion, a PE ratio of 89.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.22). The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.08 billion. Netflix had a return on equity of 33.32% and a net margin of 11.85%. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 6.27 EPS for the current year.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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