Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Future Fund LLC

Future Fund LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 16.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,258 shares of the Internet television network’s stock after purchasing an additional 318 shares during the quarter. Netflix makes up approximately 5.1% of Future Fund LLC’s holdings, making the stock its 4th biggest position. Future Fund LLC’s holdings in Netflix were worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,084 shares of company stock worth $146,747,101. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $819.50 on Wednesday. The firm has a market cap of $350.30 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25. The stock’s 50-day moving average is $723.63 and its 200-day moving average is $673.70. Netflix, Inc. has a one year low of $442.60 and a one year high of $820.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their target price on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. UBS Group raised their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Morgan Stanley raised their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

About Netflix

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.