Natixis Advisors LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Natixis Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 612,458 shares of the Internet television network’s stock after buying an additional 11,921 shares during the period. Netflix accounts for about 0.8% of Natixis Advisors LLC’s holdings, making the stock its 15th largest holding. Natixis Advisors LLC owned 0.14% of Netflix worth $434,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Northeast Financial Group Inc. purchased a new stake in Netflix during the 3rd quarter valued at $210,000. Mizuho Securities USA LLC boosted its stake in shares of Netflix by 123.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 74,405 shares of the Internet television network’s stock worth $52,773,000 after buying an additional 41,177 shares during the last quarter. Coastline Trust Co boosted its stake in shares of Netflix by 1.7% in the 3rd quarter. Coastline Trust Co now owns 11,602 shares of the Internet television network’s stock worth $8,229,000 after buying an additional 194 shares during the last quarter. KCM Investment Advisors LLC boosted its stake in shares of Netflix by 5.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 702 shares of the Internet television network’s stock worth $498,000 after buying an additional 37 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Netflix in the 3rd quarter worth $496,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 1.6 %

NFLX opened at $823.96 on Friday. The firm has a market cap of $352.21 billion, a P/E ratio of 46.63, a P/E/G ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $841.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $735.77 and a 200 day moving average of $679.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $22,127,000. The trade was a 30.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sold 205,084 shares of company stock worth $146,747,101 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Pivotal Research raised their target price on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $840.00 target price (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Evercore ISI raised their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

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.