Quantbot Technologies LP Purchases 7,994 Shares of Netflix, Inc. (NASDAQ:NFLX)

Quantbot Technologies LP lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 200.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,975 shares of the Internet television network’s stock after purchasing an additional 7,994 shares during the quarter. Quantbot Technologies LP’s holdings in Netflix were worth $8,494,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Waverly Advisors LLC increased its holdings in shares of Netflix by 58.2% in the 1st quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock worth $2,046,000 after buying an additional 1,239 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Netflix by 26.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock worth $1,014,000 after acquiring an additional 349 shares in the last quarter. Redwood Investment Management LLC increased its stake in Netflix by 10.7% during the first quarter. Redwood Investment Management LLC now owns 3,339 shares of the Internet television network’s stock worth $2,028,000 after acquiring an additional 324 shares during the last quarter. Creekmur Asset Management LLC raised its position in Netflix by 560.0% during the first quarter. Creekmur Asset Management LLC now owns 99 shares of the Internet television network’s stock valued at $60,000 after purchasing an additional 84 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in Netflix during the first quarter valued at approximately $290,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Benchmark reissued a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Guggenheim increased their target price on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer lifted their price target 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. Finally, Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Netflix Trading Down 3.6 %

NASDAQ NFLX opened at $865.59 on Tuesday. The company has a 50 day moving average price of $758.78 and a 200 day moving average price of $693.29. The firm has a market cap of $370.00 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00.

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, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of Netflix 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 sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,866 shares of company stock worth $133,393,921. Company insiders own 1.76% of the company’s stock.

About Netflix

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.