Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 12,140 shares of the Internet television network’s stock after purchasing an additional 250 shares during the quarter. Netflix comprises 3.6% of Kercheville Advisors LLC’s investment portfolio, making the stock its 8th largest position. Kercheville Advisors LLC’s holdings in Netflix were worth $8,611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 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 valued at $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc bought a new position in Netflix during the 1st quarter worth about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings 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 worth $55,968,000 after purchasing an additional 30,511 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings 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 purchasing an additional 1,342 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings 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 purchasing an additional 7,406 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFLX. Citigroup increased their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. KeyCorp increased their price objective 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. TD Cowen increased their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, UBS Group raised their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two 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, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. 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 accessible through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,711 shares of company stock valued at $153,905,830 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.0 %

NASDAQ NFLX opened at $754.68 on Monday. The business has a 50 day simple moving average of $706.67 and a 200 day simple moving average of $659.88. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The stock has a market capitalization of $325.27 billion, a P/E ratio of 52.37, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95.

About Netflix

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.