CIBC Asset Management Inc Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

CIBC Asset Management Inc lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,912 shares of the Internet television network’s stock after acquiring an additional 4,348 shares during the quarter. CIBC Asset Management Inc owned 0.05% of Netflix worth $157,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. lifted its holdings in 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 acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its position in 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 purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 26.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 30.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock valued at $146,747,101 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.8 %

Shares of NASDAQ NFLX opened at $837.26 on Friday. 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 stock has a market capitalization of $357.90 billion, a PE ratio of 47.38, a P/E/G ratio of 1.60 and a beta of 1.25. The firm has a fifty day moving average of $729.53 and a 200-day moving average of $676.61. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

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.