JB Capital LLC Purchases 64 Shares of Netflix, Inc. (NASDAQ:NFLX)

JB Capital LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 516 shares of the Internet television network’s stock after buying an additional 64 shares during the quarter. JB Capital LLC’s holdings in Netflix were worth $366,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter worth about $25,000. Proffitt & Goodson Inc. grew its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 valued at $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix in the second quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other 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 hyperlink. In other news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock valued at $169,954,456 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Citigroup raised their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark reaffirmed a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Sanford C. Bernstein boosted their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Finally, Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Up 2.1 %

Shares of NASDAQ NFLX opened at $796.54 on Friday. Netflix, Inc. has a 52-week low of $433.68 and a 52-week high of $798.22. The firm has a market capitalization of $340.49 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.46 and a beta of 1.25. The stock has a 50 day moving average price of $717.59 and a 200 day moving average price of $667.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.