Netflix, Inc. (NASDAQ:NFLX) Shares Bought by World Investment Advisors LLC

World Investment Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,735 shares of the Internet television network’s stock after purchasing an additional 520 shares during the quarter. World Investment Advisors LLC’s holdings in Netflix were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NFLX. 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 worth $24,338,000 after acquiring an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC lifted its position in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. Kestra Investment Management LLC bought a new position in Netflix during the 3rd quarter valued at $1,517,000. Finally, Voyager Global Management LP increased its position in shares of Netflix by 1.0% during the 3rd quarter. Voyager Global Management LP now owns 101,000 shares of the Internet television network’s stock valued at $71,636,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $918.87 on Friday. The company has a market capitalization of $392.78 billion, a P/E ratio of 52.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The business’s 50-day moving average price is $814.02 and its two-hundred day moving average price is $719.83. Netflix, Inc. has a one year low of $461.86 and a one year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,405 shares of company stock worth $129,623,487. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $840.00 price target (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $787.85.

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.