Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Ewa LLC

Ewa LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612 shares of the Internet television network’s stock after purchasing an additional 63 shares during the period. Ewa LLC’s holdings in Netflix were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. International Assets Investment Management LLC raised its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares in the last quarter. State Street Corp boosted its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Netflix in the 3rd quarter valued at $222,871,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group upped their price target on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Rosenblatt Securities upped their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $783.00.

Insider Buying and Selling

In other news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,155 shares of company stock worth $159,682,799. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.8 %

Shares of Netflix stock opened at $934.74 on Monday. Netflix, Inc. has a 1 year low of $448.32 and a 1 year high of $935.27. The business has a 50 day moving average price of $792.92 and a 200 day moving average price of $710.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $399.56 billion, a P/E ratio of 52.90, a P/E/G ratio of 1.80 and a beta of 1.27.

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, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Sell-side analysts anticipate 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.