Netflix, Inc. (NASDAQ:NFLX) Stake Raised by Investment Management Corp of Ontario

Investment Management Corp of Ontario lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 358.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,800 shares of the Internet television network’s stock after purchasing an additional 34,242 shares during the quarter. Netflix accounts for 0.7% of Investment Management Corp of Ontario’s portfolio, making the stock its 22nd largest position. Investment Management Corp of Ontario’s holdings in Netflix were worth $31,066,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter worth $25,000. Proffitt & Goodson Inc. increased its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd 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 increased its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. The trade was a 25.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were 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. Over the last ninety days, insiders have sold 160,792 shares of company stock worth $116,320,533. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 0.1 %

Shares of NFLX stock opened at $897.11 on Tuesday. The company has a market cap of $383.48 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.27. The stock’s 50 day simple moving average is $773.01 and its two-hundred day simple moving average is $700.75. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. Pivotal Research boosted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America raised their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays reissued an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Guggenheim increased their price target on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $775.58.

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.