Triton Financial Group Inc Makes New $2.91 Million Investment in Netflix, Inc. $NFLX

Key Points

• Triton Financial Group Inc has invested $2.91 million in Netflix, Inc., acquiring approximately 2,172 shares, which makes up about 2.1% of its investment portfolio.
• Institutional investors currently own approximately 80.93% of Netflix stock, indicating strong support from established financial entities.
• Netflix stock received various ratings from analysts, with an average target price of $1,339.81 and a general recommendation of "Moderate Buy."

Triton Financial Group Inc bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,172 shares of the Internet television network's stock, valued at approximately $2,909,000. Netflix comprises approximately 2.1% of Triton Financial Group Inc's investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resurgent Financial Advisors LLC lifted its position in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group lifted its position in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of 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 worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Sava Infond d.o.o. lifted its position in shares of 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 worth $2,002,000 after purchasing an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in shares of Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after purchasing an additional 14 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup restated a "neutral" rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Netflix in a report on Wednesday, October 8th. Finally, KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,339.81.

Netflix Stock Performance

Shares of Netflix stock opened at $1,238.56 on Tuesday. The company has a market capitalization of $526.30 billion, a PE ratio of 52.77, a P/E/G ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $1,213.87 and a two-hundred day simple moving average of $1,182.08. Netflix, Inc. has a one year low of $744.26 and a one year high of $1,341.15.

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.

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