Nvwm LLC Has $4.56 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Nvwm LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,427 shares of the Internet television network’s stock after purchasing an additional 73 shares during the period. Netflix accounts for about 1.2% of Nvwm LLC’s portfolio, making the stock its 16th largest position. Nvwm LLC’s holdings in Netflix were worth $4,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC increased its position in shares of Netflix by 116,620.0% in 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 during the last quarter. GQG Partners LLC acquired a new position in Netflix in the first quarter valued at about $1,450,476,000. Jennison Associates LLC lifted its position in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of 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 during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix in the first quarter valued at approximately $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $0.07 during midday trading on Friday, reaching $756.10. The stock had a trading volume of 2,996,829 shares, compared to its average volume of 3,925,487. The stock has a market cap of $323.20 billion, a P/E ratio of 42.79, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 12-month low of $417.10 and a 12-month high of $773.00. The firm has a fifty day simple moving average of $712.96 and a two-hundred day simple moving average of $664.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,810 shares of company stock worth $142,049,542 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NFLX shares. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. UBS Group upped their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays reiterated an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research note on Friday, October 18th. Finally, Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.