Chicago Partners Investment Group LLC Raises Holdings in Netflix, Inc. (NFLX)

Chicago Partners Investment Group LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 82.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,792 shares of the Internet television network’s stock after acquiring an additional 2,167 shares during the period. Chicago Partners Investment Group LLC’s holdings in Netflix were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NFLX. Fisher Asset Management LLC boosted its holdings in Netflix by 21.8% in the second quarter. Fisher Asset Management LLC now owns 2,341 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 419 shares in the last quarter. Private Asset Management Inc. bought a new stake in Netflix in the second quarter valued at $422,000. Trust Co. of Vermont boosted its holdings in Netflix by 46.0% in the second quarter. Trust Co. of Vermont now owns 1,088 shares of the Internet television network’s stock valued at $426,000 after acquiring an additional 343 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Netflix by 4.3% in the second quarter. Xact Kapitalforvaltning AB now owns 84,222 shares of the Internet television network’s stock valued at $32,967,000 after acquiring an additional 3,497 shares in the last quarter. Finally, Pennsylvania Trust Co boosted its holdings in Netflix by 276.9% in the second quarter. Pennsylvania Trust Co now owns 2,906 shares of the Internet television network’s stock valued at $1,138,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors own 74.04% of the company’s stock.

In other Netflix news, Director Richard N. Barton sold 387 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total value of $115,279.56. Following the completion of the transaction, the director now owns 7,430 shares of the company’s stock, valued at approximately $2,213,248.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kelly Bennett sold 14,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total value of $4,200,000.00. Following the completion of the transaction, the insider now directly owns 1,057 shares of the company’s stock, valued at approximately $317,100. The disclosure for this sale can be found here. In the last three months, insiders sold 335,842 shares of company stock valued at $113,900,463. 4.29% of the stock is owned by insiders.

NFLX opened at $317.92 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $135.55 billion, a PE ratio of 254.34, a P/E/G ratio of 3.94 and a beta of 1.18. Netflix, Inc. has a 1 year low of $178.38 and a 1 year high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. Netflix’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Sell-side analysts forecast that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $415.00 target price on shares of Netflix in a report on Tuesday, July 17th. BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Credit Suisse Group restated a “buy” rating and set a $470.00 target price on shares of Netflix in a report on Monday, October 1st. B. Riley boosted their target price on shares of Netflix from $315.00 to $322.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $465.00 target price on shares of Netflix in a report on Wednesday, October 17th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $378.74.

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Netflix Profile

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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