Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Studio Investment Management LLC

Studio Investment Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 402 shares of the Internet television network’s stock after purchasing an additional 18 shares during the period. Studio Investment Management LLC’s holdings in Netflix were worth $285,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. grew its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the third quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. Pivotal Research lifted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Loop Capital increased their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Canaccord Genuity Group boosted their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC upped their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $764.82.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,074 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $57,878.20. This represents a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,866 shares of company stock worth $133,393,921. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $897.79 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $383.77 billion, a P/E ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25. The business has a 50 day simple moving average of $755.40 and a 200-day simple moving average of $690.34. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00.

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

Netflix 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.