Slow Capital Inc. Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Slow Capital Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,020 shares of the Internet television network’s stock after purchasing an additional 478 shares during the quarter. Netflix comprises about 3.3% of Slow Capital Inc.’s investment portfolio, making the stock its 6th largest holding. Slow Capital Inc.’s holdings in Netflix were worth $21,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new position in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Proffitt & Goodson Inc. grew its stake in 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 during the period. AlphaMark Advisors LLC increased its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 11.1 %

Shares of NASDAQ:NFLX opened at $763.89 on Friday. Netflix, Inc. has a 12-month low of $392.26 and a 12-month high of $766.28. The business has a 50 day moving average of $696.38 and a 200-day moving average of $654.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26.

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

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the company’s 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 transaction, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NFLX shares. Wells Fargo & Company boosted their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday. Loop Capital increased their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI upped their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Bank of America lifted their price target on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $739.38.

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.