1,883 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Seven Eight Capital LP

Seven Eight Capital LP bought a new position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,883 shares of the Internet television network’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC raised its holdings in Netflix by 3.7% during the second quarter. Aveo Capital Partners LLC now owns 637 shares of the Internet television network’s stock worth $281,000 after buying an additional 23 shares during the last quarter. Financial Gravity Asset Management Inc. raised its holdings in shares of Netflix by 0.8% in the second quarter. Financial Gravity Asset Management Inc. now owns 3,002 shares of the Internet television network’s stock valued at $6,679,000 after purchasing an additional 23 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Netflix by 13.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock valued at $87,000 after purchasing an additional 24 shares in the last quarter. Tiemann Investment Advisors LLC boosted its holdings in Netflix by 2.0% during the second quarter. Tiemann Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock worth $551,000 after purchasing an additional 25 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its position in Netflix by 0.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock worth $4,326,000 after purchasing an additional 25 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Benchmark raised their target price on Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, January 19th. Morgan Stanley increased their price target on shares of Netflix from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on shares of Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Piper Sandler boosted their target price on shares of Netflix from $475.00 to $550.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $556.82.

View Our Latest Analysis on Netflix

Netflix Price Performance

NASDAQ:NFLX opened at $604.82 on Friday. The firm has a market capitalization of $261.74 billion, a price-to-earnings ratio of 50.36, a P/E/G ratio of 1.65 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average of $546.41 and a 200 day moving average of $470.51. Netflix, Inc. has a 52-week low of $285.33 and a 52-week high of $624.42.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, research analysts expect that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,842 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $459.36, for a total transaction of $3,142,941.12. Following the transaction, the director now directly owns 152 shares in the company, valued at $69,822.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, Director Richard N. Barton sold 6,842 shares of Netflix stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $459.36, for a total value of $3,142,941.12. Following the transaction, the director now directly owns 152 shares of the company’s stock, valued at approximately $69,822.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 19,876 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $495.00, for a total value of $9,838,620.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $15,646,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,845 shares of company stock worth $165,790,793. Corporate insiders own 2.45% of the company’s stock.

About Netflix

(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

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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