Netflix, Inc. $NFLX Stock Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,828,589 shares of the Internet television network’s stock after acquiring an additional 83,909 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Netflix were worth $127,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Werba Rubin Papier Wealth Management lifted its stake in shares of Netflix by 31.9% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 10,808 shares of the Internet television network’s stock valued at $752,000 after purchasing an additional 2,614 shares during the last quarter. Nikulski Financial Inc. grew its holdings in shares of Netflix by 47.1% during the 3rd quarter. Nikulski Financial Inc. now owns 48,430 shares of the Internet television network’s stock worth $3,370,000 after purchasing an additional 15,503 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in shares of Netflix by 99.4% during the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 2,467 shares of the Internet television network’s stock worth $172,000 after purchasing an additional 1,230 shares during the period. Three Bridge Wealth Advisors LLC purchased a new position in shares of Netflix during the 3rd quarter worth $76,000. Finally, King Luther Capital Management Corp increased its position in shares of Netflix by 2.5% during the 3rd quarter. King Luther Capital Management Corp now owns 2,592,769 shares of the Internet television network’s stock worth $180,405,000 after purchasing an additional 64,321 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the sale, the chief executive officer directly owned 178,954 shares in the company, valued at $11,846,754.80. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Hyman sold 5,727 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total transaction of $369,677.85. Following the sale, the insider directly owned 166,100 shares in the company, valued at $10,721,755. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,024 shares of company stock worth $5,788,733 over the last 90 days. 1.24% of the stock is owned by insiders.

Key Netflix News

These are some of the NFLX news items that stood out recently:

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. President Capital reduced their price objective on shares of Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Deutsche Bank set a $93.00 target price on shares of Netflix in a research report on Wednesday, October 21st. Wolfe Research lowered shares of Netflix from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 22nd. Wells Fargo & Company cut shares of Netflix from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $80.00 to $57.00 in a research report on Friday, September 18th. Finally, Rosenblatt Securities set a $71.00 price target on shares of Netflix and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.14.

View Our Latest Stock Report on NFLX

Netflix Trading Down 2.9%

Shares of NASDAQ NFLX opened at $62.69 on Friday. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $116.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $69.59 and a 200-day simple moving average of $80.54. The stock has a market capitalization of $257.43 billion, a PE ratio of 22.03, a PEG ratio of 0.94 and a beta of 1.62.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The firm 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 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

About Netflix

(Free Report)

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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