Lindbrook Capital LLC Purchases 22 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lindbrook Capital LLC increased its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,979 shares of the Internet television network’s stock after buying an additional 22 shares during the quarter. Lindbrook Capital LLC’s holdings in Netflix were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc purchased a new stake in Netflix in the 1st quarter worth approximately $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Netflix by 58.2% in 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 buying an additional 30,511 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Netflix by 7.7% during the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after buying an additional 8,700 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in shares of Netflix during the first quarter valued at approximately $1,304,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,112 shares of company stock worth $169,954,456 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NFLX shares. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Citigroup upped their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Read Our Latest Analysis on Netflix

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $795.04 on Friday. Netflix, Inc. has a 12-month low of $434.35 and a 12-month high of $799.06. The firm has a market capitalization of $339.85 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $721.55 and a 200 day moving average of $670.54.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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