Qsemble Capital Management LP Takes $209,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Qsemble Capital Management LP acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 294 shares of the Internet television network’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Jacobs Levy Equity Management Inc. increased its stake in shares of Netflix by 26.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock valued at $1,014,000 after buying an additional 349 shares during the period. LRI Investments LLC acquired a new stake in Netflix during the 1st quarter valued at approximately $53,000. Cetera Investment Advisers increased its position in Netflix by 126.3% during the 1st quarter. Cetera Investment Advisers now owns 92,315 shares of the Internet television network’s stock valued at $56,065,000 after purchasing an additional 51,513 shares during the period. Cetera Advisor Networks LLC increased its position in Netflix by 0.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 33,086 shares of the Internet television network’s stock valued at $20,094,000 after purchasing an additional 186 shares during the period. Finally, Soltis Investment Advisors LLC increased its position in Netflix by 29.5% during the 1st quarter. Soltis Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock valued at $760,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.5 %

NASDAQ NFLX opened at $877.34 on Friday. The business’s fifty day moving average is $769.29 and its 200-day moving average is $697.66. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. The stock has a market capitalization of $375.03 billion, a price-to-earnings ratio of 49.65, a PEG ratio of 1.67 and a beta of 1.25. 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 (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Guggenheim raised their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Two 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $764.82.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is owned by insiders.

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.