Netflix, Inc. $NFLX Stock Bought by Markel Group Inc.

Markel Group Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 68.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,500 shares of the Internet television network’s stock after acquiring an additional 27,500 shares during the period. Markel Group Inc.’s holdings in Netflix were worth $4,697,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC purchased a new stake in Netflix in the 3rd quarter valued at $2,390,000. Provenance Wealth Advisors LLC increased its stake in shares of Netflix by 1,074.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 39,694 shares of the Internet television network’s stock worth $2,762,000 after acquiring an additional 36,314 shares during the last quarter. Ackerman Capital Advisors LLC raised its holdings in shares of Netflix by 2.4% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 8,060 shares of the Internet television network’s stock worth $561,000 after acquiring an additional 190 shares during the period. Associated Banc Corp purchased a new position in shares of Netflix during the 3rd quarter worth $29,893,000. Finally, Integrity Advisory Solutions LLC raised its holdings in shares of Netflix by 47.4% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 10,423 shares of the Internet television network’s stock worth $725,000 after acquiring an additional 3,354 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bradford Smith sold 17,980 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at approximately $5,102,550.70. This trade represents a 18.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 55,980 shares of company stock valued at $3,970,756. 1.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $125.00 price target (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. Barclays set a $65.00 price objective on shares of Netflix and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Robert W. Baird set a $90.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Moffett Nathanson reaffirmed a “buy” rating and set a $90.00 target price on shares of Netflix in a research note on Wednesday, October 21st. Finally, Wells Fargo & Company lowered shares of Netflix from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $80.00 to $57.00 in a report on Friday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $89.14.

View Our Latest Research Report on Netflix

Netflix News Summary

Here are the key news stories impacting Netflix this week:

Netflix Price Performance

NFLX stock opened at $63.42 on Wednesday. The business has a fifty day moving average of $72.00 and a two-hundred day moving average of $81.31. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $260.42 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $116.73.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Netflix Profile

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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