Onyx Bridge Wealth Group LLC Purchases 256 Shares of Netflix, Inc. (NASDAQ:NFLX)

Onyx Bridge Wealth Group LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 27.4% during the third quarter, Holdings Channel reports. The institutional investor owned 1,191 shares of the Internet television network’s stock after buying an additional 256 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Netflix were worth $845,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DigitalBridge Group Inc. lifted its stake in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc acquired a new stake in Netflix during the 1st quarter worth $9,682,000. BSN CAPITAL PARTNERS Ltd raised its stake in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after buying an additional 49,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after buying an additional 30,511 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in Netflix by 14.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after buying an additional 1,342 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 2.0 %

Shares of NFLX opened at $687.65 on Friday. Netflix, Inc. has a one year low of $344.73 and a one year high of $736.00. The company has a market cap of $296.38 billion, a P/E ratio of 47.72, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $693.78 and a two-hundred day simple moving average of $653.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $750.00 price objective on shares of Netflix in a research note on Tuesday, October 8th. Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday. Guggenheim lifted their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Needham & Company LLC lifted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $713.24.

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.