Venture Visionary Partners LLC Buys 57 Shares of Netflix, Inc. (NASDAQ:NFLX)

Venture Visionary Partners LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,461 shares of the Internet television network’s stock after acquiring an additional 57 shares during the period. Venture Visionary Partners LLC’s holdings in Netflix were worth $10,257,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DigitalBridge Group Inc. grew its holdings in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares in the last quarter. M&G Plc bought a new stake in Netflix during the first quarter worth $9,682,000. BSN CAPITAL PARTNERS Ltd grew its holdings in Netflix by 24.4% during the first 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Netflix by 58.2% during the second 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 in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in Netflix by 14.9% during the first 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 in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NFLX shares. Piper Sandler reiterated an “overweight” rating and set a $840.00 price target (up previously from $800.00) on shares of Netflix in a report on Friday. Pivotal Research upped their price target on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim upped their price objective on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Barclays restated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday. Finally, Loop Capital upped their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $8.18 on Monday, hitting $772.07. The company’s stock had a trading volume of 6,026,662 shares, compared to its average volume of 3,734,778. The company has a 50-day simple moving average of $696.38 and a 200 day simple moving average of $655.12. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00. The company has a market capitalization of $332.76 billion, a PE ratio of 52.74, a PEG 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.

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

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 225,167 shares of company stock valued at $150,492,460. Corporate insiders own 1.76% of the company’s stock.

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.