Aviso Wealth Management Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Aviso Wealth Management raised its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,379 shares of the Internet television network’s stock after buying an additional 54 shares during the period. Netflix comprises approximately 4.4% of Aviso Wealth Management’s holdings, making the stock its 3rd largest holding. Aviso Wealth Management’s holdings in Netflix were worth $8,071,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in Netflix by 116,620.0% during the 3rd 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 buying an additional 5,748,200 shares during the period. GQG Partners LLC acquired a new stake in Netflix during the 1st quarter worth $1,450,476,000. Assenagon Asset Management S.A. raised its stake in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the 1st quarter worth $372,293,000. Finally, Swedbank AB acquired a new stake in Netflix during the 1st quarter worth $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s 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 sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NFLX shares. Barclays reaffirmed an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Loop Capital increased their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley increased their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Citigroup increased 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $823.96 on Monday. Netflix, Inc. has a one year low of $445.73 and a one year high of $841.00. The company has a market cap of $352.21 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $735.77 and a 200 day simple moving average of $681.37.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

About Netflix

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.