Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Graypoint LLC

Graypoint LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,283 shares of the Internet television network’s stock after purchasing an additional 112 shares during the quarter. Graypoint LLC’s holdings in Netflix were worth $3,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% during the 3rd 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 purchasing an additional 5,748,200 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Netflix during the first quarter worth about $1,450,476,000. Assenagon Asset Management S.A. boosted its position in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Netflix in the 1st quarter worth approximately $372,293,000. Finally, Swedbank AB purchased a new position in Netflix during the 1st quarter worth approximately $216,538,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 2.1 %

NFLX opened at $780.21 on Thursday. 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’s 50 day simple moving average is $717.59 and its two-hundred day simple moving average is $667.98. The firm has a market capitalization of $333.51 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 1-year low of $431.00 and a 1-year high of $781.49.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Rosenblatt Securities boosted their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,163,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,112 shares of company stock worth $169,954,456. 1.76% of the stock is owned by corporate insiders.

Netflix 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.