25 LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 8.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 243 shares of the Internet television network’s stock after buying an additional 18 shares during the period. 25 LLC’s holdings in Netflix were worth $325,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC boosted its holdings in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.
Netflix Trading Down 0.7%
Shares of NASDAQ:NFLX opened at $1,162.53 on Friday. The company has a 50 day moving average of $1,207.90 and a 200-day moving average of $1,157.42. The firm has a market cap of $493.99 billion, a P/E ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.
Insiders Place Their Bets
In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on NFLX shares. Robert W. Baird boosted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Barclays reissued a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,334.03.
Read Our Latest Stock Report on NFLX
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.
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