Hobbs Group Advisors LLC Purchases 77 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Hobbs Group Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,283.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83 shares of the Internet television network’s stock after buying an additional 77 shares during the period. Hobbs Group Advisors LLC’s holdings in Netflix were worth $59,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Denver PWM LLC bought a new stake in Netflix during the second quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in shares of Netflix by 380.0% during the second 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 last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 2.5 %

NASDAQ:NFLX opened at $936.56 on Thursday. Netflix, Inc. has a one year low of $459.20 and a one year high of $941.75. The business has a fifty day moving average price of $801.16 and a 200-day moving average price of $714.44. The firm has a market capitalization of $400.34 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,405 shares of company stock valued at $129,623,487. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NFLX shares. Benchmark reiterated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Barclays reaffirmed an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $787.85.

View Our Latest Research Report on NFLX

Netflix Company Profile

(Free Report)

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.

Further Reading

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