Chartwell Investment Partners LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,608 shares of the Internet television network’s stock, valued at approximately $3,969,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in Netflix by 6.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 112,144 shares of the Internet television network’s stock valued at $41,956,000 after buying an additional 7,251 shares during the last quarter. Twin Capital Management Inc. raised its position in Netflix by 3.3% in the 3rd quarter. Twin Capital Management Inc. now owns 20,510 shares of the Internet television network’s stock valued at $7,673,000 after buying an additional 660 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Netflix in the 3rd quarter valued at approximately $218,000. MML Investors Services LLC raised its position in Netflix by 16.6% in the 3rd quarter. MML Investors Services LLC now owns 34,329 shares of the Internet television network’s stock valued at $12,844,000 after buying an additional 4,883 shares during the last quarter. Finally, Honeywell International Inc. acquired a new stake in Netflix in the 3rd quarter valued at approximately $8,231,000. 74.02% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the company. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Credit Suisse Group reissued a “buy” rating and issued a $470.00 target price on shares of Netflix in a research report on Monday, October 1st. B. Riley lifted their target price on Netflix from $315.00 to $322.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Sanford C. Bernstein reissued a “buy” rating and issued a $465.00 target price on shares of Netflix in a research report on Wednesday, October 17th. Finally, Nomura set a $370.00 target price on Netflix and gave the company a “neutral” rating in a research report on Monday, October 29th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $379.20.

In other news, Director Richard N. Barton sold 387 shares of Netflix stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total transaction of $115,279.56. Following the completion of the transaction, the director now directly owns 7,430 shares in the company, valued at approximately $2,213,248.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $367.00, for a total value of $367,000.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $367,000. The disclosure for this sale can be found here. Insiders have sold a total of 256,470 shares of company stock valued at $88,218,691 over the last quarter. 4.29% of the stock is currently owned by corporate insiders.

Shares of NASDAQ NFLX opened at $286.21 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. Netflix, Inc. has a 12 month low of $178.38 and a 12 month high of $423.21. The company has a market cap of $124.81 billion, a PE ratio of 228.97, a price-to-earnings-growth ratio of 3.60 and a beta of 1.18.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 2.65 EPS for the current year.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Read More: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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