Metis Global Partners LLC Has $17.28 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Metis Global Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,357 shares of the Internet television network’s stock after purchasing an additional 608 shares during the period. Netflix accounts for approximately 0.5% of Metis Global Partners LLC’s holdings, making the stock its 26th largest position. Metis Global Partners LLC’s holdings in Netflix were worth $17,276,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake 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 during the last quarter. GQG Partners LLC bought a new stake in shares of Netflix during the first quarter worth approximately $1,450,476,000. Assenagon Asset Management S.A. grew its position 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 last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Netflix during the first quarter worth approximately $372,293,000. Finally, Swedbank AB bought a new position in shares of Netflix during the first quarter worth approximately $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. China Renaissance initiated coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Rosenblatt Securities increased their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five 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 target price of $748.15.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred 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 SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $831.65 on Thursday. The business has a fifty day moving average of $729.53 and a 200 day moving average of $676.61. The firm has a market capitalization of $355.50 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $836.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during 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 expect that Netflix, Inc. will post 19.78 earnings per share for the current 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.