Benin Management CORP Acquires 25 Shares of Netflix, Inc. (NASDAQ:NFLX)

Benin Management CORP boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551 shares of the Internet television network’s stock after buying an additional 25 shares during the period. Benin Management CORP’s holdings in Netflix were worth $391,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. increased its position in Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares during the period. M&G Plc bought a new position in Netflix in the 1st quarter worth approximately $9,682,000. BSN CAPITAL PARTNERS Ltd increased its position in Netflix by 24.4% in the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after buying an additional 49,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after buying an additional 30,511 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position in Netflix by 14.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after buying an additional 1,342 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. Rosenblatt Securities boosted their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday. Argus boosted their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research report on Friday. Finally, Benchmark restated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Trading Down 0.0 %

Shares of NFLX traded down $0.33 during trading hours on Monday, hitting $763.56. 2,045,669 shares of the stock traded hands, compared to its average volume of 3,715,167. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $769.28. The firm has a market capitalization of $329.09 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The business has a fifty day moving average of $696.38 and a 200-day moving average of $655.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity

In other news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, 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. Insiders have sold 225,167 shares of company stock valued at $150,492,460 over the last 90 days. 1.76% of the stock is owned by company insiders.

About Netflix

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.