Algert Global LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,490 shares of the Internet television network's stock, valued at approximately $2,475,000.
A number of other hedge funds also recently added to or reduced their stakes in NFLX. Denver PWM LLC bought a new position in Netflix in the second quarter valued at about $25,000. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC grew its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter valued at about $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:NFLX opened at $872.60 on Wednesday. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. 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 50 day moving average price of $762.10 and a 200-day moving average price of $695.13. The firm has a market cap of $373.00 billion, a price-to-earnings ratio of 49.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.
Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping 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 analysts' expectations of $9.77 billion. Equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.
Several equities research analysts recently weighed in on NFLX shares. Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. BMO Capital Markets restated an "outperform" rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Loop Capital upped their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Rosenblatt Securities raised their price target on Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $764.82.
Check Out Our Latest Stock Report on NFLX
In other Netflix 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 transaction, the insider now directly owns 31,610 shares of the company's stock, 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 accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,866 shares of company stock worth $133,393,921. Corporate insiders own 1.76% of the company's stock.
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.
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