Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 620.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,000 shares of the Internet television network’s stock after purchasing an additional 20,671 shares during the period. Itau Unibanco Holding S.A.’s holdings in Netflix were worth $16,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix during the second quarter valued at $25,000. Valued Wealth Advisors LLC grew its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. AlphaMark Advisors LLC raised its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the transaction, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Insiders sold a total of 197,226 shares of company stock worth $129,858,692 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $701.03 on Friday. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $715.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The business has a fifty day simple moving average of $663.00 and a 200-day simple moving average of $640.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same period last year, the company posted $3.29 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Pivotal Research increased their price target on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein raised their target price on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Citigroup upped their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Argus upped their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix 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.