Quest Partners LLC Purchases 1,814 Shares of Netflix, Inc. (NASDAQ:NFLX)

Quest Partners LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 191.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,760 shares of the Internet television network’s stock after purchasing an additional 1,814 shares during the quarter. Quest Partners LLC’s holdings in Netflix were worth $1,958,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bahl & Gaynor Inc. increased its holdings in Netflix by 10.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 685 shares of the Internet television network’s stock worth $416,000 after buying an additional 66 shares in the last quarter. Vaughan David Investments LLC IL bought a new stake in shares of Netflix in the first quarter worth approximately $221,000. InterOcean Capital Group LLC grew its stake in shares of Netflix by 20.9% in the first quarter. InterOcean Capital Group LLC now owns 2,140 shares of the Internet television network’s stock worth $1,300,000 after acquiring an additional 370 shares during the period. Crewe Advisors LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $2,975,000. Finally, Payden & Rygel Investment Group purchased a new stake in Netflix in the first quarter worth approximately $1,342,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,277 shares of company stock valued at $132,875,601 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $847.05 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $739.20 and a 200-day moving average price of $683.35. The stock has a market cap of $362.08 billion, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a one year low of $445.73 and a one year high of $848.45.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $9.77 billion. Equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Evercore ISI increased their target price on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. China Renaissance initiated coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $753.45.

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.