Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by 17 Capital Partners LLC

17 Capital Partners LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 125.2% in the 3rd quarter, Holdings Channel reports. The fund owned 1,160 shares of the Internet television network’s stock after acquiring an additional 645 shares during the period. 17 Capital Partners LLC’s holdings in Netflix were worth $823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Netflix during the first quarter worth approximately $1,450,476,000. Assenagon Asset Management S.A. increased its stake in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the first quarter valued at $372,293,000. Finally, Swedbank AB bought a new position in Netflix during the 1st quarter valued at $216,538,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.2 %

NFLX stock opened at $795.04 on Friday. The firm’s 50-day moving average is $721.55 and its two-hundred day moving average is $670.54. The company has a market capitalization of $339.85 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. Netflix, Inc. has a 52 week low of $434.35 and a 52 week high of $799.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the firm’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 completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,112 shares of company stock valued at $169,954,456. Corporate insiders own 1.76% of the company’s stock.

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.