Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by National Pension Service

National Pension Service boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 868,368 shares of the Internet television network’s stock after purchasing an additional 106,377 shares during the period. Netflix makes up 0.6% of National Pension Service’s holdings, making the stock its 25th biggest holding. National Pension Service’s holdings in Netflix were worth $615,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Denver PWM LLC purchased a new position in Netflix in the second quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd 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 period. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix in the 2nd quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 0.4 %

NASDAQ NFLX opened at $752.73 on Monday. The firm’s fifty day moving average price is $712.96 and its 200 day moving average price is $664.70. Netflix, Inc. has a 12 month low of $429.61 and a 12 month high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $321.76 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was 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 accessible through this link. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,810 shares of company stock worth $142,049,542 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NFLX. Wedbush increased their target price on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday, October 18th. Piper Sandler restated an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $748.15.

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.