Van ECK Associates Corp Purchases 6,215 Shares of Netflix, Inc. (NASDAQ:NFLX)

Van ECK Associates Corp grew its position in Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 80,364 shares of the Internet television network’s stock after purchasing an additional 6,215 shares during the quarter. Van ECK Associates Corp’s holdings in Netflix were worth $60,216,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently commented on NFLX shares. Bank of America upped their target price on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Pivotal Research raised their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. 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 through this hyperlink. In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,810 shares of company stock worth $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $756.10 on Monday. The company’s 50 day simple moving average is $712.96 and its two-hundred day simple moving average is $664.70. 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, Inc. has a 1 year low of $417.10 and a 1 year high of $773.00. The stock has a market capitalization of $323.20 billion, a PE ratio of 42.79, a P/E/G ratio of 1.46 and a beta of 1.25.

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.