Oxbow Advisors LLC Purchases 68 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oxbow Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 663 shares of the Internet television network’s stock after buying an additional 68 shares during the quarter. Oxbow Advisors LLC’s holdings in Netflix were worth $470,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NFLX. DigitalBridge Group Inc. increased 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 purchasing an additional 9,451 shares during the period. M&G Plc acquired a new stake in shares of Netflix in the first quarter valued at about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after acquiring an additional 30,511 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after acquiring an additional 8,700 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in Netflix in the first quarter valued at approximately $1,304,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX stock traded down $1.50 during mid-day trading on Friday, hitting $795.04. The company had a trading volume of 1,910,626 shares, compared to its average volume of 3,927,056. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $339.85 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. Netflix, Inc. has a 12 month low of $434.35 and a 12 month high of $799.06. The stock’s fifty day moving average price is $721.55 and its two-hundred day moving average price is $670.54.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,112 shares of company stock worth $169,954,456 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NFLX shares. Redburn Atlantic boosted their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Oppenheimer increased their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Wedbush upped their target price on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Guggenheim raised their target price on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, China Renaissance started coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

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.