Gordian Capital Singapore Pte Ltd Buys 8,550 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gordian Capital Singapore Pte Ltd boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 77.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,522 shares of the Internet television network’s stock after purchasing an additional 8,550 shares during the period. Netflix makes up approximately 6.9% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 5th biggest holding. Gordian Capital Singapore Pte Ltd’s holdings in Netflix were worth $13,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DigitalBridge Group Inc. increased its stake in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares in the last quarter. M&G Plc purchased a new position in shares of Netflix in the 1st quarter valued at about $9,682,000. BSN CAPITAL PARTNERS Ltd increased its stake in shares of Netflix by 24.4% in the 1st 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after buying an additional 30,511 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Netflix during the 4th quarter worth approximately $9,513,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $706.13 on Wednesday. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $725.26. The company has a market capitalization of $304.34 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The firm has a 50-day simple moving average of $672.13 and a 200-day simple moving average of $646.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,564,950. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,564,950. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The disclosure for this sale can be found here. Insiders sold a total of 179,494 shares of company stock worth $118,230,884 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Bank of America boosted their price objective on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Piper Sandler boosted their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Guggenheim boosted their price objective on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup upped their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, KeyCorp upped their price target on Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $686.03.

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.