Parallel Advisors LLC Buys 1,220 Shares of Netflix, Inc. (NFLX)

Parallel Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,781 shares of the Internet television network’s stock after purchasing an additional 1,220 shares during the period. Parallel Advisors LLC’s holdings in Netflix were worth $3,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Quadrant Capital Group LLC raised its stake in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares in the last quarter. Kalos Management Inc. raised its stake in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. raised its stake in Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after acquiring an additional 53 shares in the last quarter. Sii Investments Inc. WI raised its stake in Netflix by 2.1% during the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after acquiring an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after acquiring an additional 65 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the transaction, the director now directly owns 7,930 shares in the company, valued at approximately $1,426,527.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the transaction, the director now owns 7,362 shares in the company, valued at approximately $1,453,111.56. The disclosure for this sale can be found here. Insiders sold a total of 324,285 shares of company stock worth $62,630,811 over the last 90 days. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) opened at $186.22 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $80,830.00, a price-to-earnings ratio of 190.44, a P/E/G ratio of 5.60 and a beta of 1.33. Netflix, Inc. has a 1-year low of $122.30 and a 1-year high of $204.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

Several analysts have weighed in on the company. SunTrust Banks set a $175.00 target price on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Jefferies Group set a $190.00 target price on Netflix and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on Netflix and gave the company a “sell” rating in a research note on Tuesday, October 17th. FBR & Co reaffirmed a “buy” rating and set a $207.00 target price (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada lifted their target price on Netflix from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $209.65.

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Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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