Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 18.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,602 shares of the Internet television network’s stock after acquiring an additional 869 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Netflix were worth $3,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. New World Advisors LLC boosted its position in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Heartland Bank & Trust Co boosted its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares during the period. Cedrus LLC grew its stake in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC grew its stake in Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after buying an additional 15 shares during the last quarter. Finally, Meritas Wealth Management LLC grew its stake in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.2 %

Shares of Netflix stock traded up $9.50 during trading on Wednesday, hitting $829.00. The company’s stock had a trading volume of 865,240 shares, compared to its average volume of 3,653,468. 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 company has a fifty day simple moving average of $726.52 and a two-hundred day simple moving average of $675.52. The company has a market capitalization of $354.36 billion, a PE ratio of 46.77, a P/E/G ratio of 1.55 and a beta of 1.25. Netflix, Inc. has a 52 week low of $445.64 and a 52 week high of $832.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS 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 analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Loop Capital raised their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Evercore ISI lifted their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Two 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, insider David A. Hyman sold 13,791 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

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.