Retireful LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Retireful LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 903 shares of the Internet television network’s stock, valued at approximately $640,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its stake in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in 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 purchasing an additional 42 shares during the period. AlphaMark Advisors LLC grew its position in 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, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter worth about $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This trade represents a 25.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,277 shares of company stock valued at $132,875,601. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. Macquarie reissued an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI raised their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $758.76.

Check Out Our Latest Stock Analysis on Netflix

Netflix Price Performance

Netflix stock opened at $871.32 on Wednesday. The stock has a market cap of $372.45 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $874.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $743.15 and its 200 day simple moving average is $685.41.

Netflix (NASDAQ:NFLX – Get Free Report) last issued 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 analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.

Further Reading

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