Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Regatta Capital Group LLC

Regatta Capital Group LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,211 shares of the Internet television network’s stock after purchasing an additional 40 shares during the quarter. Regatta Capital Group LLC’s holdings in Netflix were worth $2,987,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $32,000. Trust Co. of Vermont grew its stake in Netflix by 24.1% in the 4th quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock valued at $225,000 after acquiring an additional 90 shares during the period. Bath Savings Trust Co acquired a new stake in Netflix in the 1st quarter valued at $206,000. Ferguson Wellman Capital Management Inc. raised its position in Netflix by 5.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 599 shares of the Internet television network’s stock worth $364,000 after acquiring an additional 32 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Netflix by 7.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,191 shares of the Internet television network’s stock valued at $723,000 after purchasing an additional 86 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NFLX shares. TD Cowen boosted their target price on shares of Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Piper Sandler upgraded Netflix from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $650.00 to $800.00 in a research note on Monday, October 7th. Benchmark restated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research report on Tuesday. Bank of America lifted their price target on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Redburn Atlantic raised their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two investment 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 company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.79.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the SEC, which is available through this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $705.98 on Wednesday. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. The company has a 50 day moving average price of $690.82 and a 200 day moving average price of $653.04. The stock has a market capitalization of $304.28 billion, a P/E ratio of 48.99, 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.

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

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.