Wilmington Savings Fund Society FSB Purchases 3,182 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wilmington Savings Fund Society FSB raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 124.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,732 shares of the Internet television network’s stock after purchasing an additional 3,182 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Netflix were worth $4,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp raised its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Jennison Associates LLC lifted its position in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Netflix during the third quarter valued at $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 1.2 %

NASDAQ:NFLX opened at $925.55 on Friday. The company has a market cap of $395.64 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Netflix, Inc. has a twelve month low of $461.86 and a twelve month high of $941.75. The stock has a fifty day simple moving average of $810.04 and a 200-day simple moving average of $717.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Macquarie reaffirmed an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Finally, Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $787.85.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,405 shares of company stock valued at $129,623,487. Company insiders own 1.76% of the company’s stock.

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.