Netflix, Inc. (NASDAQ:NFLX) Stock Position Boosted by Voyager Global Management LP

Voyager Global Management LP grew its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,000 shares of the Internet television network’s stock after acquiring an additional 1,000 shares during the quarter. Netflix comprises 3.1% of Voyager Global Management LP’s holdings, making the stock its 10th largest position. Voyager Global Management LP’s holdings in Netflix were worth $71,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Wellington Management Group LLP lifted its position in Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Netflix by 4,202.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 151,635 shares of the Internet television network’s stock worth $107,550,000 after acquiring an additional 148,111 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Netflix during the third quarter worth $878,000. Temasek Holdings Private Ltd increased its stake in Netflix by 61.0% during the third quarter. Temasek Holdings Private Ltd now owns 46,092 shares of the Internet television network’s stock worth $32,692,000 after acquiring an additional 17,458 shares during the last quarter. Finally, Tenzing Global Management LLC increased its stake in Netflix by 11.1% during the third quarter. Tenzing Global Management LLC now owns 12,500 shares of the Internet television network’s stock worth $8,866,000 after acquiring an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Oppenheimer lifted their target price on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Barclays reiterated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Finally, Morgan Stanley lifted their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a 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. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $783.00.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,155 shares of company stock worth $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $917.87 on Friday. The firm has a market cap of $392.35 billion, a P/E ratio of 51.95, a PEG ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50 day moving average price is $788.37 and its 200 day moving average price is $707.66. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $927.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.