Netflix, Inc. (NASDAQ:NFLX) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,912 shares of the Internet television network’s stock after acquiring an additional 4,348 shares during the quarter. CIBC Asset Management Inc’s holdings in Netflix were worth $157,307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its holdings in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $837.26 on Friday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $841.00. The stock’s 50-day moving average price is $729.53 and its two-hundred day moving average price is $676.61. The company has a market cap of $357.90 billion, a PE ratio of 47.38, a PEG ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NFLX shares. BMO Capital Markets reissued 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. Pivotal Research upped their price target on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. China Renaissance began coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Two equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Read Our Latest Report on Netflix

Insiders Place Their Bets

In other Netflix news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is currently owned by company insiders.

Netflix Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.