Overbrook Management Corp Buys Shares of 302 Netflix, Inc. (NASDAQ:NFLX)

Overbrook Management Corp purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel reports. The fund purchased 302 shares of the Internet television network’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter worth about $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on 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 transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 over the last three months. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.4 %

Shares of NFLX stock opened at $883.85 on Thursday. The firm has a market capitalization of $377.81 billion, a P/E ratio of 50.02, a PEG ratio of 1.68 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $890.60. The stock’s fifty day moving average is $747.20 and its two-hundred day moving average is $686.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Loop Capital lifted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $758.76.

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.