Netflix, Inc. (NASDAQ:NFLX) Shares Bought by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,602 shares of the Internet television network’s stock after acquiring an additional 869 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Netflix were worth $3,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Kovack Advisors Inc. grew its position in shares of Netflix by 6.5% during the third quarter. Kovack Advisors Inc. now owns 2,123 shares of the Internet television network’s stock worth $1,506,000 after acquiring an additional 129 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Netflix by 0.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 76,579 shares of the Internet television network’s stock valued at $54,315,000 after purchasing an additional 255 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Netflix by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 28,750 shares of the Internet television network’s stock worth $20,392,000 after acquiring an additional 859 shares during the period. Pinnacle Financial Partners Inc raised its stake in shares of Netflix by 0.7% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,304 shares of the Internet television network’s stock worth $4,471,000 after buying an additional 44 shares during the last quarter. Finally, Rossmore Private Capital acquired a new stake in shares of Netflix in the third quarter valued at approximately $207,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $9.50 during mid-day trading on Wednesday, hitting $829.00. The company had a trading volume of 865,240 shares, compared to its average volume of 3,653,468. Netflix, Inc. has a 1 year low of $445.64 and a 1 year high of $832.85. The stock’s 50-day moving average price is $726.52 and its 200-day moving average price is $675.52. 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 company has a market capitalization of $354.36 billion, a price-to-earnings ratio of 46.77, a P/E/G ratio of 1.55 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Macquarie reissued an “outperform” rating and set a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Evercore ISI increased their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Redburn Atlantic boosted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Two 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix 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.