E Fund Management Hong Kong Co. Ltd. Acquires 42 Shares of Netflix, Inc. (NASDAQ:NFLX)

E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 700.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48 shares of the Internet television network’s stock after buying an additional 42 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Netflix were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. Denver PWM LLC bought a new position in shares of Netflix in the second quarter valued at about $25,000. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of Netflix in the second quarter valued at about $38,000. Finally, Summit Securities Group LLC acquired a new stake in Netflix in the second quarter worth about $38,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI lifted their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Redburn Atlantic lifted their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,810 shares of company stock worth $142,049,542. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.8 %

Shares of Netflix stock opened at $753.74 on Thursday. Netflix, Inc. has a 12-month low of $404.63 and a 12-month high of $773.00. The stock has a market cap of $322.19 billion, a P/E ratio of 42.66, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $710.23 and its 200-day moving average is $662.33.

Netflix 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.