Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Caprock Group LLC

Caprock Group LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,084 shares of the Internet television network’s stock after buying an additional 588 shares during the period. Caprock Group LLC’s holdings in Netflix were worth $12,118,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter valued at about $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 185,277 shares of company stock worth $132,875,601 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Guggenheim upped their target price on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Piper Sandler restated an “overweight” rating and set a $840.00 target price (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $753.45.

Netflix Stock Performance

Netflix stock opened at $847.05 on Tuesday. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $848.45. The firm’s fifty day moving average price is $739.20 and its 200-day moving average price is $683.35. The stock has a market cap of $362.08 billion, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. 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 (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.