Itau Unibanco Holding S.A. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Itau Unibanco Holding S.A. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,643 shares of the Internet television network’s stock after buying an additional 1,643 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Netflix were worth $18,188,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Denver PWM LLC purchased a new position in Netflix in the 2nd quarter valued at approximately $25,000. Proffitt & Goodson Inc. increased its position in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 valued at $34,000 after buying an additional 42 shares during the period. Finally, AlphaMark Advisors LLC raised its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were 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. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 160,792 shares of company stock worth $116,320,533 over the last quarter. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $825.00 price target (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $775.58.

Netflix Stock Up 1.2 %

NASDAQ:NFLX opened at $897.74 on Tuesday. 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 market capitalization of $383.75 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.71 and a beta of 1.27. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. The business’s fifty day moving average price is $773.01 and its 200 day moving average price is $700.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (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 net margin of 20.70% and a return on equity of 35.86%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal 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.