Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Altshuler Shaham Ltd

Altshuler Shaham Ltd grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 48.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,653 shares of the Internet television network’s stock after acquiring an additional 1,200 shares during the quarter. Netflix comprises approximately 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 28th biggest holding. Altshuler Shaham Ltd’s holdings in Netflix were worth $2,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. M&G Plc acquired a new stake in Netflix in the 1st quarter worth about $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its stake in shares of Netflix by 24.4% in the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after purchasing an additional 49,000 shares during the period. Scarborough Advisors LLC purchased a new stake in Netflix during the 4th quarter worth $9,513,000. Scotia Capital Inc. increased its position in shares of Netflix by 9.1% during the fourth quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock worth $12,343,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in Netflix during the 4th quarter valued at approximately $3,700,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on NFLX shares. UBS Group boosted their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley upped their price target on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Pivotal Research upped their target price on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, KeyCorp increased their price target on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Netflix Stock Down 0.5 %

Shares of NASDAQ:NFLX opened at $701.03 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $302.14 billion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a 50 day moving average of $663.00 and a 200-day moving average of $641.15. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66.

Netflix (NASDAQ:NFLX) last released its earnings results 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. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The stock was 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. Over the last quarter, insiders have sold 197,226 shares of company stock valued at $129,858,692. 1.76% of the stock is currently owned by company insiders.

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.