Highline Wealth Partners LLC Takes $492,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Highline Wealth Partners LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 693 shares of the Internet television network’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after purchasing an additional 149,341 shares during the last quarter. Jennison Associates LLC grew its stake in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the last quarter. International Assets Investment Management LLC increased its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the period. Baillie Gifford & Co. increased its position in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the period. Finally, Legal & General Group Plc lifted its stake in Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after buying an additional 104,332 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,409 shares of company stock valued at $158,213,518. 1.76% of the stock is owned by insiders.

Netflix Stock Down 0.4 %

NFLX stock opened at $756.49 on Wednesday. The company has a 50 day moving average of $709.10 and a two-hundred day moving average of $661.69. The company has a market cap of $323.37 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 12-month low of $404.63 and a 12-month high of $773.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Macquarie restated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Pivotal Research lifted their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Company Profile

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.