Aubrey Capital Management Ltd purchased a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the third quarter, HoldingsChannel reports. The fund purchased 4,800 shares of the Internet television network’s stock, valued at approximately $3,405,000. Netflix accounts for 1.3% of Aubrey Capital Management Ltd’s portfolio, making the stock its 29th largest holding.
Other large investors have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in Netflix in the second quarter valued at about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Insider Transactions at Netflix
In other news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction 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 completion of the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,084 shares of company stock worth $146,747,101. Company insiders own 1.76% of the company’s stock.
Netflix Stock Up 1.3 %
Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NFLX. Canaccord Genuity Group increased their price objective on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Guggenheim raised their target price on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Bank of America raised their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities raised their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $748.15.
Get Our Latest Research Report on NFLX
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.
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