HighVista Strategies LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

HighVista Strategies LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,000 shares of the Internet television network’s stock after acquiring an additional 200 shares during the period. HighVista Strategies LLC’s holdings in Netflix were worth $1,419,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of 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 acquiring an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the third 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 during the period. Jennison Associates LLC grew its holdings in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Netflix during the third quarter valued at approximately $222,871,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Netflix by 12,243.4% during the third quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock valued at $205,739,000 after buying an additional 287,721 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 1.2 %

Shares of NFLX opened at $897.74 on Tuesday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $773.01 and a 200-day simple moving average of $700.75. The stock has a market cap of $383.75 billion, a PE ratio of 50.81, a PEG ratio of 1.71 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a report on Friday, October 18th. Needham & Company LLC increased their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group increased their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Morgan Stanley raised their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $775.58.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The trade was a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,792 shares of company stock valued at $116,320,533. 1.76% of the stock is owned by company insiders.

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.