Landscape Capital Management L.L.C. Acquires New Stake in Netflix, Inc. (NASDAQ:NFLX)

Landscape Capital Management L.L.C. bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,149 shares of the Internet television network’s stock, valued at approximately $2,233,000.

A number of other hedge funds have also bought and sold shares of NFLX. Advisors Asset Management Inc. boosted its stake in Netflix by 10.2% in the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock worth $3,093,000 after buying an additional 471 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Netflix by 24.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock worth $2,168,000 after purchasing an additional 710 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Netflix by 2.1% during the first quarter. Gamco Investors INC. ET AL now owns 20,420 shares of the Internet television network’s stock valued at $12,402,000 after acquiring an additional 413 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Netflix in the first quarter worth approximately $260,000. Finally, Lazard Asset Management LLC boosted its stake in Netflix by 35.0% during the 1st quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network’s stock valued at $78,010,000 after purchasing an additional 33,269 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the business’s 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 sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $896.05 on Friday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. 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 company’s fifty day moving average price is $751.39 and its 200 day moving average price is $688.25. The company has a market capitalization of $383.03 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its 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 firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.