Point72 Europe London LLP Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Point72 Europe London LLP raised its position in Netflix, Inc. (NASDAQ:NFLX) by 596.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,000 shares of the Internet television network’s stock after purchasing an additional 26,550 shares during the quarter. Netflix accounts for approximately 1.4% of Point72 Europe London LLP’s holdings, making the stock its 11th biggest holding. Point72 Europe London LLP’s holdings in Netflix were worth $21,987,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth about $25,000. Denver PWM LLC purchased a new position in shares of Netflix during the second quarter worth approximately $25,000. Proffitt & Goodson Inc. raised its stake in shares of 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 acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 valued at $34,000 after purchasing an additional 42 shares during the period. Finally, AlphaMark Advisors LLC grew its stake in 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 purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Loop Capital increased their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. China Renaissance initiated coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock valued at $133,393,921 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $886.81 on Friday. The company has a 50 day simple moving average of $773.01 and a two-hundred day simple moving average of $699.54. The stock has a market cap of $379.07 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 1.69 and a beta of 1.25. 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, Inc. has a 12 month low of $445.73 and a 12 month high of $908.00.

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

Netflix Company 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.