Mirae Asset Global Investments Co. Ltd. Buys 28,861 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,795 shares of the Internet television network’s stock after acquiring an additional 28,861 shares during the quarter. Netflix accounts for approximately 0.7% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 21st largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Netflix were worth $151,935,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFLX. DigitalBridge Group Inc. grew its holdings in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc bought a new position in Netflix in the 1st quarter valued at $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after purchasing an additional 30,511 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Netflix by 14.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after purchasing an additional 1,342 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Netflix by 13.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after buying an additional 7,406 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. Loop Capital lifted their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Morgan Stanley increased their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Citigroup boosted their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,711 shares of company stock valued at $153,905,830. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $754.68 on Friday. The firm has a fifty day simple moving average of $706.67 and a two-hundred day simple moving average of $659.30. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00. The company has a market capitalization of $322.60 billion, a PE ratio of 42.71, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

About Netflix

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.