Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,769 shares of the Internet television network’s stock after buying an additional 2,580 shares during the quarter. Assetmark Inc.’s holdings in Netflix were worth $17,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Netflix during the 1st quarter valued at about $1,450,476,000. Assenagon Asset Management S.A. grew its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth about $372,293,000. Finally, Swedbank AB acquired a new position in Netflix in the 1st quarter valued at about $216,538,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 4,644 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 $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $22,127,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,437 shares of company stock worth $146,229,378 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reaffirmed an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Wedbush upped their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Citigroup increased their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Trading Down 0.2 %

NASDAQ:NFLX opened at $795.04 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $434.35 and a 1 year high of $799.06. The stock has a market cap of $339.85 billion, a P/E ratio of 44.99, a P/E/G ratio of 1.53 and a beta of 1.25. The stock has a 50-day simple moving average of $721.55 and a 200-day simple moving average of $671.19.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

About Netflix

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.