Country Club Bank lowered its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 16.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,942 shares of the Internet television network’s stock after selling 761 shares during the period. Country Club Bank’s holdings in Netflix were worth $2,788,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in Netflix by 116,620.0% in 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 buying an additional 5,748,200 shares during the period. GQG Partners LLC purchased a new position in Netflix in the first quarter valued at $1,450,476,000. Jennison Associates LLC grew its stake in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the 1st quarter valued at about $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Stock Performance
Shares of NFLX stock opened at $754.68 on Friday. The stock’s 50-day moving average price is $706.67 and its 200 day moving average price is $659.30. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 52-week low of $395.62 and a 52-week high of $773.00.
Insider Buying and Selling at Netflix
Wall Street Analyst Weigh In
NFLX has been the subject of a number of analyst reports. UBS Group boosted their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Pivotal Research lifted their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price objective on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their target price 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. Two equities 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $747.70.
Check Out Our Latest Stock Report on Netflix
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.
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