Western Financial Corp CA Purchases 1,244 Shares of Netflix, Inc. (NASDAQ:NFLX)

Western Financial Corp CA boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,821 shares of the Internet television network’s stock after acquiring an additional 1,244 shares during the quarter. Netflix comprises about 2.3% of Western Financial Corp CA’s portfolio, making the stock its 5th largest holding. Western Financial Corp CA’s holdings in Netflix were worth $4,129,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFLX. GQG Partners LLC purchased a new stake in Netflix in the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC lifted its stake in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix in the first quarter valued at approximately $372,293,000. Swedbank AB acquired a new position in Netflix during the first quarter worth $216,538,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Netflix during the 2nd quarter valued at about $183,365,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. In related news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated 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 sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ NFLX traded up $4.82 on Monday, hitting $768.71. 4,847,080 shares of the company’s stock were exchanged, compared to its average volume of 3,728,967. 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’s 50-day moving average price is $696.38 and its two-hundred day moving average price is $655.12. The firm has a market cap of $331.31 billion, a price-to-earnings ratio of 52.74, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during 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 was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 earnings per share. On average, research analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday. Macquarie restated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a report on Friday. UBS Group upped their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.