Dynamic Technology Lab Private Ltd Makes New $2.79 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,938 shares of the Internet television network’s stock, valued at approximately $2,793,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.0 %

NFLX stock opened at $897.79 on Monday. The company’s 50 day moving average is $755.40 and its 200 day moving average is $691.50. The stock has a market cap of $383.77 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 1.73 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, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00.

Netflix (NASDAQ:NFLX) last issued 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 for 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%. Sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock valued at $133,393,921 over the last 90 days. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Rosenblatt Securities upped their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. TD Cowen raised their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Loop Capital increased their target price on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $764.82.

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.