Vanguard Capital Wealth Advisors acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 925 shares of the Internet television network’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Financial Network Advisory Services LLC increased its holdings in Netflix by 969.9% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 1,102 shares of the Internet television network’s stock valued at $412,000 after acquiring an additional 999 shares in the last quarter. Polaris Greystone Financial Group LLC purchased a new position in Netflix during the 3rd quarter valued at about $2,128,000. Strategic Advisors LLC purchased a new position in Netflix during the 3rd quarter valued at about $585,000. Aperio Group LLC increased its holdings in Netflix by 3.9% during the 3rd quarter. Aperio Group LLC now owns 238,144 shares of the Internet television network’s stock valued at $89,097,000 after acquiring an additional 8,919 shares in the last quarter. Finally, Sitrin Capital Management LLC increased its holdings in Netflix by 2.1% during the 3rd quarter. Sitrin Capital Management LLC now owns 16,593 shares of the Internet television network’s stock valued at $6,208,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $337.86, for a total value of $337,860.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $337,860. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 21,882 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the completion of the sale, the director now owns 9,177 shares of the company’s stock, valued at $3,087,234.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 403,334 shares of company stock valued at $142,463,785. 4.29% of the stock is owned by insiders.

Several research firms have weighed in on NFLX. Nomura restated a “neutral” rating and set a $370.00 target price on shares of Netflix in a report on Wednesday. Barclays set a $430.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Wednesday. BidaskClub upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Friday. Pivotal Research raised their target price on shares of Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Finally, Sanford C. Bernstein restated a “buy” rating and set a $465.00 target price on shares of Netflix in a report on Wednesday. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $376.83.

Netflix stock traded down $6.30 during trading on Friday, reaching $340.41. The company had a trading volume of 262,957 shares, compared to its average volume of 12,086,094. Netflix, Inc. has a 12-month low of $178.38 and a 12-month high of $423.21. The company has a market cap of $158.81 billion, a price-to-earnings ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. Netflix’s revenue was up 34.0% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 2.61 EPS for the current year.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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