RWQ Financial Management Services Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,722 shares of the Internet television network’s stock, valued at approximately $1,221,000. Netflix comprises approximately 0.4% of RWQ Financial Management Services Inc.’s holdings, making the stock its 18th largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. DigitalBridge Group Inc. lifted its holdings in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the period. M&G Plc acquired a new position in shares of Netflix in the 1st quarter valued at about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Forsta AP Fonden grew its stake in Netflix by 7.7% during the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after purchasing an additional 8,700 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in Netflix in the first quarter worth approximately $1,304,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Pivotal Research upped their price objective on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research note on Friday, October 18th. Finally, Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $748.15.
Insider Activity
In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % 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, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,810 shares of company stock valued at $142,049,542 in the last three months. Company insiders own 1.76% of the company’s stock.
Netflix Stock Performance
NFLX traded up $0.07 during trading on Friday, hitting $756.10. 2,996,829 shares of the company traded hands, compared to its average volume of 3,925,487. The firm has a market cap of $323.20 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one year low of $417.10 and a one year high of $773.00. The stock’s fifty day moving average is $712.96 and its 200 day moving average is $664.34.
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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