Deltec Asset Management LLC Invests $1.36 Million in Netflix, Inc. (NASDAQ:NFLX)

Deltec Asset Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,065 shares of the Internet television network’s stock, valued at approximately $1,355,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Abbrea Capital LLC boosted its holdings in shares of Netflix by 2.4% in the 2nd quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 32 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Netflix by 2.8% during the 2nd quarter. Lindbrook Capital LLC now owns 1,259 shares of the Internet television network’s stock valued at $462,000 after acquiring an additional 34 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Netflix by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,968 shares of the Internet television network’s stock valued at $723,000 after acquiring an additional 35 shares during the period. Meeder Asset Management Inc. boosted its holdings in Netflix by 3.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,105 shares of the Internet television network’s stock valued at $296,000 after acquiring an additional 35 shares during the period. Finally, Baxter Bros Inc. boosted its holdings in Netflix by 3.0% during the 2nd quarter. Baxter Bros Inc. now owns 1,226 shares of the Internet television network’s stock valued at $450,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 78.93% of the company’s stock.

In other news, Director Bradford L. Smith bought 6,499 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $308.49 per share, with a total value of $2,004,876.51. Following the transaction, the director now owns 799 shares of the company’s stock, valued at $246,483.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 43,372 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $266.57, for a total value of $11,561,674.04. Following the completion of the transaction, the chief executive officer now directly owns 43,372 shares of the company’s stock, valued at approximately $11,561,674.04. The disclosure for this sale can be found here. Insiders sold a total of 135,702 shares of company stock valued at $38,290,015 in the last three months. Corporate insiders own 4.29% of the company’s stock.

Several brokerages recently weighed in on NFLX. Wedbush restated an “underperform” rating and set a $188.00 target price on shares of Netflix in a report on Thursday, October 17th. Credit Suisse Group restated a “buy” rating and set a $440.00 target price on shares of Netflix in a report on Thursday, October 17th. Rosenblatt Securities dropped their target price on Netflix from $330.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Macquarie cut Netflix from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $375.00 to $325.00 in a report on Thursday, October 17th. Finally, Goldman Sachs Group restated a “buy” rating and set a $400.00 target price on shares of Netflix in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $363.11.

NFLX opened at $271.50 on Friday. The business has a 50 day simple moving average of $278.08 and a two-hundred day simple moving average of $328.51. The firm has a market capitalization of $118.77 billion, a price-to-earnings ratio of 101.31, a PEG ratio of 2.71 and a beta of 1.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.73 and a quick ratio of 0.85. Netflix, Inc. has a one year low of $231.23 and a one year high of $385.99.

Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.42. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was up 31.2% compared to the same quarter last year. As a group, sell-side analysts expect that Netflix, Inc. will post 3.33 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.