Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Guardian Asset Advisors LLC

Guardian Asset Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 876 shares of the Internet television network’s stock after purchasing an additional 20 shares during the period. Guardian Asset Advisors LLC’s holdings in Netflix were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after purchasing an additional 149,341 shares in the last quarter. Jennison Associates LLC raised its position in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Netflix by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock worth $2,003,810,000 after buying an additional 72,807 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after buying an additional 3,273,592 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on NFLX shares. Jefferies Financial Group lifted their price target on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $750.00 target price on shares of Netflix in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday. Piper Sandler upgraded shares of Netflix from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $650.00 to $800.00 in a research report on Monday. Finally, Morgan Stanley increased their price objective on shares of Netflix from $780.00 to $820.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $697.35.

Insider Activity

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was 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 224,784 shares of company stock worth $150,212,870. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.3 %

Netflix stock traded down $1.82 during midday trading on Thursday, reaching $725.61. The company’s stock had a trading volume of 611,977 shares, compared to its average volume of 3,644,942. The business has a 50-day simple moving average of $682.31 and a 200-day simple moving average of $649.96. The company has a market cap of $312.74 billion, a P/E ratio of 50.48, a P/E/G ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $731.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted 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. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s 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 earnings per share. On average, research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.