Signature Estate & Investment Advisors LLC Buys 49 Shares of Netflix, Inc. (NASDAQ:NFLX)

Signature Estate & Investment Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 10.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 519 shares of the Internet television network’s stock after purchasing an additional 49 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Netflix were worth $368,000 as of its most recent SEC filing.

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

Netflix Stock Down 1.6 %

NFLX opened at $823.96 on Friday. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $841.00. The firm’s 50 day simple moving average is $735.77 and its two-hundred day simple moving average is $680.46. The company has a market capitalization of $352.21 billion, a PE ratio of 46.63, a PEG ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on 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 sale, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 30.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NFLX. Piper Sandler reiterated an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Guggenheim boosted their price target on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Rosenblatt Securities boosted their price objective 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. Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.