Everhart Financial Group Inc. Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Everhart Financial Group Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,128 shares of the Internet television network’s stock after purchasing an additional 475 shares during the quarter. Everhart Financial Group Inc.’s holdings in Netflix were worth $2,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its position 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 in the last quarter. GQG Partners LLC purchased a new stake in Netflix during the 1st quarter valued at $1,450,476,000. Assenagon Asset Management S.A. increased its holdings in shares of Netflix by 154.7% in the 3rd 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 in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Netflix in the 1st quarter worth $372,293,000. Finally, Swedbank AB purchased a new position in shares of Netflix in the first quarter worth $216,538,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Barclays reiterated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. UBS Group increased their price objective on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities lifted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $805.44 on Tuesday. The company has a market cap of $344.29 billion, a P/E ratio of 45.58, a P/E/G ratio of 1.53 and a beta of 1.25. Netflix, Inc. has a 52-week low of $442.60 and a 52-week high of $806.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average is $721.55 and its two-hundred day moving average is $672.01.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $9.77 billion. As a group, analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,437 shares of company stock worth $146,229,378. 1.76% of the stock is currently owned by 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.