Pittenger & Anderson Inc. Has $20.15 Million Stake in Netflix, Inc. $NFLX

Pittenger & Anderson Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the second quarter, Holdings Channel reports. The firm owned 15,050 shares of the Internet television network’s stock after purchasing an additional 858 shares during the period. Pittenger & Anderson Inc.’s holdings in Netflix were worth $20,154,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC grew its holdings in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares during the period. MRA Advisory Group grew its holdings in Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the period. Sava Infond d.o.o. grew its holdings in Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares during the period. Finally, McGlone Suttner Wealth Management Inc. lifted its stake in Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,238.56 on Tuesday. The company’s fifty day simple moving average is $1,213.87 and its 200-day simple moving average is $1,182.08. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $526.30 billion, a PE ratio of 52.77, a P/E/G ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a 12 month low of $744.26 and a 12 month high of $1,341.15.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays reaffirmed a “sell” rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Friday. Citigroup reaffirmed a “neutral” rating and issued a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Netflix Company Profile

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.