Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389 shares of the Internet television network’s stock after purchasing an additional 52 shares during the quarter. DT Investment Partners LLC’s holdings in Netflix were worth $276,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DigitalBridge Group Inc. raised its holdings in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the last quarter. M&G Plc acquired a new position in Netflix in the 1st quarter valued at about $9,682,000. 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 valued at $55,968,000 after acquiring an additional 30,511 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position 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 acquiring an additional 1,342 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Netflix by 13.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after acquiring an additional 7,406 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Argus boosted their target price on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Bank of America boosted their price objective on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. KeyCorp raised their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Citigroup boosted their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,711 shares of company stock valued at $153,905,830. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.7 %

Shares of Netflix stock opened at $754.55 on Friday. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50 day moving average price of $703.23 and a 200 day moving average price of $657.75. The company has a market capitalization of $322.54 billion, a P/E ratio of 42.70, a P/E/G ratio of 1.48 and a beta of 1.26.

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.