Thornburg Investment Management Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 23.5% in the third quarter, HoldingsChannel.com reports. The firm owned 33,955 shares of the Internet television network’s stock after purchasing an additional 6,451 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Netflix were worth $12,704,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $108,000. CSat Investment Advisory L.P. acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $117,000. Guidant Wealth Advisors raised its position in shares of Netflix by 190.5% in the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after buying an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $124,000. Finally, BerganKDV Wealth Management LLC acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $137,000. 74.04% of the stock is owned by hedge funds and other institutional investors.
NFLX opened at $327.50 on Thursday. Netflix, Inc. has a fifty-two week low of $178.38 and a fifty-two week high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $135.55 billion, a price-to-earnings ratio of 262.00, a price-to-earnings-growth ratio of 3.94 and a beta of 1.18.
In other news, insider Kelly Bennett sold 14,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $300.00, for a total value of $4,200,000.00. Following the sale, the insider now directly owns 1,057 shares of the company’s stock, valued at approximately $317,100. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $311.10, for a total transaction of $311,100.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $311,100. The disclosure for this sale can be found here. Insiders have sold a total of 335,842 shares of company stock worth $113,900,463 over the last three months. Insiders own 4.29% of the company’s stock.
Several equities analysts have recently commented on the stock. Cowen dropped their target price on shares of Netflix from $430.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. Goldman Sachs Group set a $470.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Sanford C. Bernstein restated a “buy” rating and issued a $465.00 target price on shares of Netflix in a research report on Wednesday, October 17th. Morgan Stanley set a $480.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, ValuEngine cut shares of Netflix from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have given a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $378.74.
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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.
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