314,226 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 314,226 shares of the Internet television network’s stock, valued at approximately $222,871,000. Netflix makes up approximately 1.0% of Westfield Capital Management Co. LP’s portfolio, making the stock its 15th largest position. Westfield Capital Management Co. LP owned 0.07% of Netflix as of its most recent SEC filing.

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

Netflix Stock Up 0.0 %

Shares of NASDAQ NFLX opened at $897.79 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $383.77 billion, a P/E ratio of 50.81, a P/E/G ratio of 1.73 and a beta of 1.25. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00. The business has a 50-day simple moving average of $755.40 and a two-hundred day simple moving average of $690.93.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NFLX shares. Morgan Stanley increased their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. KeyCorp raised their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Bank of America lifted their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Rosenblatt Securities boosted their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two 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. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock valued at $133,393,921 in the last three months. Company insiders own 1.76% of the company’s stock.

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.