Netflix, Inc. (NASDAQ:NFLX) is Miura Global Management LLC’s 6th Largest Position

Miura Global Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the Internet television network’s stock after buying an additional 2,000 shares during the period. Netflix accounts for 6.5% of Miura Global Management LLC’s investment portfolio, making the stock its 6th largest position. Miura Global Management LLC’s holdings in Netflix were worth $5,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% during the 3rd 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 buying an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares in the last quarter. Jennison Associates LLC increased its holdings in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Netflix in the 3rd quarter worth approximately $222,871,000. Finally, AustralianSuper Pty Ltd boosted its holdings in Netflix by 12,243.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock valued at $205,739,000 after purchasing an additional 287,721 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.5 %

Shares of Netflix stock opened at $902.17 on Wednesday. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $780.46 and its 200 day moving average is $704.75. The company has a market cap of $385.64 billion, a price-to-earnings ratio of 51.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company 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 anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI increased their price target on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday. Macquarie restated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, Morgan Stanley increased their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $775.58.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The trade was a 31.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,155 shares of company stock valued at $159,682,799. 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.