BluePath Capital Management LLC Buys 163 Shares of Netflix, Inc. (NASDAQ:NFLX)

BluePath Capital Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456 shares of the Internet television network’s stock after buying an additional 163 shares during the period. BluePath Capital Management LLC’s holdings in Netflix were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NFLX. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% in 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 purchasing an additional 5,748,200 shares during the period. GQG Partners LLC purchased a new stake in Netflix in the first quarter worth about $1,450,476,000. Jennison Associates LLC grew its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the period. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at approximately $372,293,000. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. The trade was 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 sold 209,810 shares of company stock valued at $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NFLX shares. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Guggenheim increased their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday. Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Evercore ISI increased their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Up 0.0 %

Shares of NFLX stock opened at $756.10 on Friday. The company has a market capitalization of $323.20 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.45 and a beta of 1.26. The company’s fifty day moving average price is $712.96 and its 200-day moving average price is $664.02. Netflix, Inc. has a one year low of $417.10 and a one year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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.