Cable Hill Partners LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cable Hill Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,827 shares of the Internet television network’s stock after purchasing an additional 515 shares during the quarter. Cable Hill Partners LLC’s holdings in Netflix were worth $1,296,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Leo Wealth LLC increased its holdings in shares of Netflix by 31.3% during the first quarter. Leo Wealth LLC now owns 1,321 shares of the Internet television network’s stock valued at $804,000 after purchasing an additional 315 shares during the period. ProVise Management Group LLC acquired a new stake in Netflix during the 1st quarter worth about $239,000. Trillium Asset Management LLC grew its position in Netflix by 15.4% during the first quarter. Trillium Asset Management LLC now owns 35,131 shares of the Internet television network’s stock valued at $21,336,000 after purchasing an additional 4,680 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Netflix by 2.3% during the 1st quarter. Brighton Jones LLC now owns 10,391 shares of the Internet television network’s stock valued at $6,311,000 after acquiring an additional 237 shares in the last quarter. Finally, Great Lakes Retirement Inc. raised its position in Netflix by 1.7% during the first quarter. Great Lakes Retirement Inc. now owns 4,268 shares of the Internet television network’s stock valued at $2,592,000 after acquiring an additional 73 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. Macquarie restated an “outperform” rating and set a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Redburn Atlantic boosted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Rosenblatt Securities upped their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Loop Capital lifted their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,084 shares of company stock valued at $146,747,101. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $830.47 on Thursday. Netflix, Inc. has a 1 year low of $445.64 and a 1 year high of $836.99. The firm’s 50 day moving average is $726.52 and its 200-day moving average is $675.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $354.99 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.58 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (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 firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.