Motley Fool Asset Management LLC Purchases 1,075 Shares of Netflix, Inc. (NASDAQ:NFLX)

Motley Fool Asset Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 19,879 shares of the Internet television network’s stock after buying an additional 1,075 shares during the quarter. Netflix comprises approximately 0.8% of Motley Fool Asset Management LLC’s holdings, making the stock its 27th biggest position. Motley Fool Asset Management LLC’s holdings in Netflix were worth $14,037,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC raised its position in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Baillie Gifford & Co. raised its position in shares of Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the period. Fisher Asset Management LLC raised its position in shares of Netflix by 2.8% in the third quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock valued at $3,178,905,000 after purchasing an additional 123,987 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after purchasing an additional 104,332 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 99.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. This represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,155 shares of company stock valued at $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Guggenheim lifted their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. UBS Group boosted their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays reaffirmed an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $775.58.

Netflix Stock Up 0.5 %

Shares of Netflix stock opened at $902.17 on Wednesday. The business has a fifty day simple moving average of $780.46 and a 200 day simple moving average of $704.75. The stock has a market cap of $385.64 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. 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 12 month low of $445.73 and a 12 month high of $908.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.