Generate Investment Management Ltd Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Generate Investment Management Ltd lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 94.3% in the third quarter, Holdings Channel reports. The firm owned 28,787 shares of the Internet television network’s stock after purchasing an additional 13,971 shares during the period. Netflix makes up about 1.4% of Generate Investment Management Ltd’s investment portfolio, making the stock its 25th biggest position. Generate Investment Management Ltd’s holdings in Netflix were worth $20,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Denver PWM LLC purchased a new stake in Netflix during the second quarter worth approximately $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO increased its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NFLX shares. Guggenheim increased their target price on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC upped their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Finally, Macquarie reaffirmed an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $739.38.

Netflix Stock Performance

NFLX stock opened at $763.89 on Friday. Netflix, Inc. has a 1 year low of $392.26 and a 1 year high of $766.28. The stock has a market capitalization of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $696.38 and its two-hundred day moving average is $654.66.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating 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 firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the firm posted $3.29 EPS. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 19.08 EPS for the current 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.