Hartford Funds Management Co LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Hartford Funds Management Co LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,024 shares of the Internet television network’s stock after buying an additional 40 shares during the period. Hartford Funds Management Co LLC’s holdings in Netflix were worth $727,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NFLX. Advisors Asset Management Inc. boosted its position in shares of Netflix by 10.2% during the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock valued at $3,093,000 after buying an additional 471 shares during the period. Epoch Investment Partners Inc. purchased a new stake in shares of Netflix in the first quarter valued at approximately $260,000. Caxton Associates LP purchased a new stake in shares of Netflix in the first quarter valued at approximately $11,945,000. Captrust Financial Advisors boosted its holdings in shares of Netflix by 161.3% in the first quarter. Captrust Financial Advisors now owns 289,801 shares of the Internet television network’s stock valued at $176,005,000 after purchasing an additional 178,903 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in shares of Netflix by 58.2% in the first quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock valued at $2,046,000 after purchasing an additional 1,239 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays reiterated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Evercore ISI boosted their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Piper Sandler restated an “overweight” rating and set a $840.00 target price (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. 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 has an average rating of “Moderate Buy” and an average target price of $764.82.

Netflix Price Performance

NASDAQ NFLX opened at $897.79 on Friday. 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 stock’s fifty day moving average price is $755.40 and its 200 day moving average price is $690.93. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The company has a market cap of $383.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock valued at $133,393,921 in the last ninety days. Company 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.