Harbour Capital Advisors LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Harbour Capital Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,316 shares of the Internet television network’s stock after buying an additional 28 shares during the period. Harbour Capital Advisors LLC’s holdings in Netflix were worth $1,159,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Nordea Investment Management AB lifted its position in Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after buying an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC grew its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $2.80 on Monday, reaching $834.89. 1,912,157 shares of the company’s stock were exchanged, compared to its average volume of 2,911,568. The business’s 50-day moving average is $878.06 and its two-hundred day moving average is $753.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The firm has a market capitalization of $356.88 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 1.77 and a beta of 1.27.

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, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. Guggenheim boosted their target price on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Rosenblatt Securities upped their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $832.94.

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 shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

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.