Abacus Planning Group Inc. buy 75 shares of Netflix, Inc. (NASDAQ:NFLX)

Abacus Planning Group Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 15.5% in the third quarter, HoldingsChannel.com reports. The firm owned 559 shares of the Internet television network’s stock after purchasing an additional 75 shares during the period. Holdings of Abacus Planning Group Inc. holdings in Netflix were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Doliver Advisors LP boosted its holdings in Netflix by 44.0% in the third quarter. Doliver Advisors LP now owns 1,367 shares of the Internet television network’s stock worth $970,000 after buying an additional 418 shares in the last quarter. Mattson Financial Services LLC purchased a new position in shares of Netflix in the second quarter valued at $1,923,000. Greater Midwest Financial Group LLC boosted its position in shares of Netflix by 7.0% in the second quarter. Greater Midwest Financial Group LLC now owns 1,384 shares of the Internet television network’s stock worth $916,000 after acquiring an additional 90 shares in the last quarter. Centaurus Financial Inc. grew its stake in Netflix by 151.9% in the second quarter. Centaurus Financial Inc. now owns 13,450 shares of the Internet television network’s stock valued at $9,077,000 after acquiring an additional 8,110 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Netflix by 0.5% in the 2nd quarter. Anchor Investment Management LLC now owns 6,956 shares of the Internet television network’s stock, valued at $4,694,000 after which acquired another 34 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s shares.

Netflix trading up 0.7%

NASDAQ NFLX opened at $711.09 on Thursday. Netflix, Inc. it has a one year low of $344.73 and a one year high of $725.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95, and a current ratio of 0.95. The company has a market cap of $306.48 billion, a price-to-earnings ratio of 49.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company’s 50-day simple moving average is $673.63, and its two-hundred-day simple moving average is $646.74.

Netflix (NASDAQ:NFLX – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 18th. The internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted earnings of $3.29 per share. Equity analysts estimate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts set new price targets

A number of brokerages recently weighed in on NFLX. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Netflix in a report on Friday, July 19th. Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. TD Cowen boosted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $686.03, based on data from MarketBeat.com.

Get the latest Netflix stock report

Insider trading at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,784 shares of company stock worth $150,212,870. Corporate insiders own 1.76% of the company’s shares.

Netflix Company Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and games in different genres and languages. The company also offers members the ability to stream content through a range of internet-connected devices, including televisions, digital video players, TV set-top boxes and mobile devices.

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Want to see what other hedge funds own NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Netflix, Inc. (NASDAQ:NFLX – Free Report).

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