Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 1,205 shares of the Internet television network’s stock after purchasing an additional 35 shares during the quarter. Stonegate Investment Group LLC’s holdings in Netflix were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NFLX. GQG Partners LLC acquired a new position in Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC grew its holdings in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares during the period. Global Assets Advisory LLC acquired a new position in Netflix during the first quarter worth $436,514,000. Jericho Capital Asset Management L.P. acquired a new position in Netflix during the first quarter worth $372,293,000. Finally, Swedbank AB acquired a new position in Netflix during the first quarter worth $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Morgan Stanley upped their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday. Pivotal Research upped their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI upped their target price on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday. Finally, Benchmark reissued a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $739.38.

Netflix Stock Up 11.1 %

Shares of NASDAQ:NFLX opened at $763.89 on Friday. The stock’s 50-day moving average price is $696.38 and its two-hundred day moving average price is $654.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12-month low of $392.26 and a 12-month high of $766.28. The firm has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.29 EPS. On average, research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last three months. Corporate 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.