Aigen Investment Management LP Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Aigen Investment Management LP purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,263 shares of the Internet television network’s stock, valued at approximately $1,605,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter valued at $25,000. 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 valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% in 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 last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Netflix during the second quarter valued at $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.2 %

Shares of Netflix stock traded up $10.04 on Tuesday, reaching $815.48. The stock had a trading volume of 490,615 shares, compared to its average volume of 3,655,590. Netflix, Inc. has a 1 year low of $442.60 and a 1 year high of $815.48. The company has a 50 day moving average price of $723.63 and a 200 day moving average price of $673.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $348.58 billion, a P/E ratio of 45.58, a P/E/G ratio of 1.53 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Evercore ISI increased their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price target (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Finally, Wedbush boosted their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Buying and Selling at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,437 shares of company stock worth $146,229,378. 1.76% of the stock is owned by insiders.

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.