Pittenger & Anderson Inc acquired 10,290 shares as Netflix Inc (NFLX)'s stock rose 10.41%. Corporate insiders own 4.90% of the company's stock. Traynor Capital Management Inc. grew its position in Netflix by 7.8% during the 1st quarter. It dropped, as 64 investors sold Netflix, Inc. shares while 222 reduced holdings. Blue Rock Advisors LLC raised its position in shares of Netflix by 4.5% in the third quarter. Finally, HCR Wealth Advisors raised its stake in Netflix by 11.1% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock worth $107,000 after buying an additional 706 shares during the period. Currently, the October put/call open interest ratio rests at a lofty 1.09, with puts outnumbering calls among those options most affected by Netflix's quarterly report. Dynamic Solutions Llc reported 0.22% in Netflix, Inc.
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The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company this week. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 109,214 shares of the company's stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the transaction, the director now owns 36,274 shares of the company's stock, valued at $5,876,388. The disclosure for this sale can be found here.
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Several brokerages recently weighed in on NFLX. FBR & Co reaffirmed a "hold" rating on shares of Netflix in a research note on Thursday, October 5th. This means that investors are taking on excess risk when buying the company's stock at its current valuation. The California-based company is set to report its financial results for the third quarter on Monday.
Expert analysts at Stifel Nicolaus now has a $230.00 target price per share on Netflix Inc (NDAQ:NFLX). Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. The stock has an average rating of "Buy" and a consensus price target of $147.59.
The granddaddy of online streaming will join the earnings parade next week, and Netflix, Inc. Shares have hit a new 52-week high after reaching $199.52 during recent trading action. The company has 431.4 Million shares outstanding and 423.94 Million shares were floated in market. The company's market cap is $84.49 Billion. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent. Netflix, Inc. has a 12 month low of $98.38 and a 12 month high of $200.82. The upgrade came just ahead of NFLX earnings. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by ($0.01). The return on assets stands at 6.4%, Return on Equity now is 16.9% and the Return on Investment value is 12.9%. The company's revenue was up 32.3% compared to the same quarter past year. During the same period previous year, the company earned $0.09 EPS. On average, equities analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, global streaming and Domestic DVD.