Netflix, Inc. $NFLX Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,108,593 shares of the Internet television network’s stock after purchasing an additional 94,068 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Netflix were worth $77,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix in the second quarter worth approximately $26,000. Sawyer & Company Inc acquired a new position in Netflix in the third quarter valued at approximately $27,000. Compound Global Advisors LLC acquired a new position in Netflix in the second quarter valued at approximately $29,000. Burnham & Co LLC bought a new position in shares of Netflix during the 2nd quarter worth approximately $29,000. Finally, Torren Management LLC grew its position in shares of Netflix by 116.4% during the 3rd quarter. Torren Management LLC now owns 463 shares of the Internet television network’s stock worth $32,000 after buying an additional 249 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $63.42 on Wednesday. Netflix, Inc. has a 12-month low of $61.39 and a 12-month high of $116.73. The business’s fifty day moving average is $72.00 and its 200 day moving average is $81.31. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $260.42 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. Netflix’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on shares of Netflix in a research note on Wednesday, October 21st. Seaport Research Partners set a $85.00 price target on shares of Netflix in a report on Wednesday, October 21st. Pivotal Research restated a “hold” rating and issued a $65.00 price target (down from $70.00) on shares of Netflix in a report on Wednesday, October 21st. Wedbush decreased their price target on shares of Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Finally, Rothschild & Co Redburn dropped their price objective on shares of Netflix from $120.00 to $93.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Check Out Our Latest Analysis on NFLX

Insider Buying and Selling at Netflix

In other news, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 55,980 shares of company stock valued at $3,970,756 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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