498 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Crew Capital Management Ltd.

Crew Capital Management Ltd. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 498 shares of the Internet television network’s stock, valued at approximately $353,000.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. GQG Partners LLC bought a new stake in Netflix in the first quarter valued at $1,450,476,000. Jennison Associates LLC increased its holdings in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix during the first quarter valued at $372,293,000. Swedbank AB acquired a new position in shares of Netflix during the first quarter valued at $216,538,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Netflix during the second quarter valued at $183,365,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX traded down $0.20 during trading on Monday, hitting $763.69. The company’s stock had a trading volume of 2,682,778 shares, compared to its average volume of 3,717,843. The firm has a market cap of $329.15 billion, a P/E ratio of 52.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52 week low of $395.62 and a 52 week high of $769.28. The firm has a 50 day moving average price of $696.38 and a 200 day moving average price of $655.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.29 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. JPMorgan Chase & Co. lifted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday. Sanford C. Bernstein lifted their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Activity

In other news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 225,167 shares of company stock worth $150,492,460. Company insiders own 1.76% of the company’s stock.

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.