Netflix, Inc. (NASDAQ:NFLX) Shares Bought by JB Capital LLC

JB Capital LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 516 shares of the Internet television network’s stock after purchasing an additional 64 shares during the period. JB Capital LLC’s holdings in Netflix were worth $366,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sciencast Management LP acquired a new stake in Netflix in the 1st quarter worth approximately $524,000. Empowered Funds LLC grew its holdings in shares of Netflix by 13.9% during the first quarter. Empowered Funds LLC now owns 7,750 shares of the Internet television network’s stock valued at $4,707,000 after buying an additional 945 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Netflix by 7.8% during the first quarter. Wealthspire Advisors LLC now owns 5,896 shares of the Internet television network’s stock valued at $3,581,000 after buying an additional 427 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Netflix by 21.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,507 shares of the Internet television network’s stock valued at $2,737,000 after acquiring an additional 790 shares during the period. Finally, Sustainable Insight Capital Management LLC purchased a new position in Netflix in the 1st quarter worth $528,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 13,791 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,112 shares of company stock worth $169,954,456. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Pivotal Research raised their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Evercore ISI lifted their price objective on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. 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. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Trading Up 2.1 %

Shares of NFLX stock opened at $796.54 on Friday. Netflix, Inc. has a fifty-two week low of $433.68 and a fifty-two week high of $798.22. The firm has a market capitalization of $340.49 billion, a P/E ratio of 45.08, a PEG ratio of 1.46 and a beta of 1.25. The stock’s fifty day moving average is $717.59 and its two-hundred day moving average is $667.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.