Soros Capital Management LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Soros Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,096 shares of the Internet television network’s stock after buying an additional 261 shares during the quarter. Soros Capital Management LLC’s holdings in Netflix were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Jacobs Levy Equity Management Inc. boosted its stake in Netflix by 26.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock worth $1,014,000 after purchasing an additional 349 shares during the period. Creekmur Asset Management LLC lifted its holdings in shares of Netflix by 560.0% in the first quarter. Creekmur Asset Management LLC now owns 99 shares of the Internet television network’s stock worth $60,000 after buying an additional 84 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Netflix during the first quarter worth $290,000. New Covenant Trust Company N.A. purchased a new position in Netflix during the first quarter valued at $154,000. Finally, Investmark Advisory Group LLC purchased a new stake in Netflix in the 1st quarter worth $366,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NFLX shares. Piper Sandler restated an “overweight” rating and set a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Insider Buying and Selling

In other Netflix news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.8 %

NASDAQ:NFLX opened at $872.60 on Wednesday. The stock has a market capitalization of $373.00 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.67 and a beta of 1.25. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $762.10 and a 200 day moving average of $695.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.