CV Advisors LLC Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

CV Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 634 shares of the Internet television network’s stock, valued at approximately $450,000. Netflix comprises about 0.2% of CV Advisors LLC’s holdings, making the stock its 15th biggest holding.

Several other large investors have also bought and sold shares of the stock. DigitalBridge Group Inc. grew its holdings in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc purchased a new position in Netflix in the first quarter worth $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in 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 valued at $55,968,000 after purchasing an additional 30,511 shares during the period. Forsta AP Fonden increased its position in shares of Netflix by 7.7% during the 3rd quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Netflix during the 1st quarter worth $1,304,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NFLX stock traded down $0.81 during trading on Wednesday, hitting $763.10. The company had a trading volume of 648,597 shares, compared to its average volume of 3,671,799. Netflix, Inc. has a 52 week low of $431.00 and a 52 week high of $773.00. The stock has a market capitalization of $326.19 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. 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’s 50-day moving average is $715.67 and its two-hundred day moving average is $667.19.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 229,477 shares of company stock valued at $160,300,776 in the last quarter. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. increased their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. Loop Capital raised their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. KeyCorp upped their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Morgan Stanley increased their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Company 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.