Essex Financial Services Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 598 shares of the Internet television network’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new stake in Netflix during the 3rd quarter valued at approximately $791,000. Penserra Capital Management LLC increased its position in Netflix by 7.5% during the 3rd quarter. Penserra Capital Management LLC now owns 96,221 shares of the Internet television network’s stock valued at $35,998,000 after purchasing an additional 6,750 shares during the period. Chicago Partners Investment Group LLC increased its position in Netflix by 82.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,792 shares of the Internet television network’s stock valued at $1,365,000 after purchasing an additional 2,167 shares during the period. IFG Advisory LLC increased its position in Netflix by 34.0% during the 3rd quarter. IFG Advisory LLC now owns 3,494 shares of the Internet television network’s stock valued at $1,307,000 after purchasing an additional 887 shares during the period. Finally, Cottage Street Advisors LLC increased its position in Netflix by 422.7% during the 3rd quarter. Cottage Street Advisors LLC now owns 5,750 shares of the Internet television network’s stock valued at $2,150,000 after purchasing an additional 4,650 shares during the period. 74.04% of the stock is owned by institutional investors.

Shares of NFLX opened at $303.47 on Friday. Netflix, Inc. has a 12-month low of $178.38 and a 12-month high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $142.82 billion, a P/E ratio of 117.38, a PEG ratio of 4.15 and a beta of 1.18.

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

In related news, Director Richard N. Barton sold 387 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total value of $115,279.56. Following the transaction, the director now directly owns 7,430 shares in the company, valued at approximately $2,213,248.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total value of $7,361,323.62. Following the completion of the transaction, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 335,842 shares of company stock worth $113,900,463. 4.29% of the stock is owned by company insiders.

NFLX has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Netflix and set a “neutral” rating for the company in a research report on Monday, October 15th. Loop Capital increased their target price on shares of Netflix from $365.00 to $385.00 in a research report on Wednesday, October 17th. Imperial Capital decreased their target price on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a research report on Monday, August 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $470.00 price objective on shares of Netflix in a research report on Monday, October 1st. Finally, Guggenheim raised their price objective on shares of Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have given a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average price target of $378.74.

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Netflix Company 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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