Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Global Strategic Investment Solutions LLC

Global Strategic Investment Solutions LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 433 shares of the Internet television network’s stock after acquiring an additional 27 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Netflix were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. 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 buying an additional 9,451 shares in the last quarter. M&G Plc acquired a new stake in shares of Netflix during the 1st quarter worth $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in 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 raised its holdings in Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after buying an additional 8,700 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in Netflix in the 1st quarter valued at $1,304,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock worth $169,954,456 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ NFLX traded up $4.32 during trading on Thursday, hitting $784.53. The company’s stock had a trading volume of 571,374 shares, compared to its average volume of 3,671,529. Netflix, Inc. has a 52 week low of $433.68 and a 52 week high of $787.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $335.36 billion, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The firm has a 50 day moving average price of $717.59 and a 200 day moving average price of $667.98.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NFLX shares. Pivotal Research raised their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research report on Friday, October 18th. Wedbush raised their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. China Renaissance initiated coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.