Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Castleark Management LLC

Castleark Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 46.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,648 shares of the Internet television network’s stock after purchasing an additional 14,138 shares during the quarter. Netflix accounts for 1.3% of Castleark Management LLC’s investment portfolio, making the stock its 18th biggest position. Castleark Management LLC’s holdings in Netflix were worth $31,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. International Assets Investment Management LLC boosted its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp boosted its stake in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Netflix in the third quarter worth $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFLX shares. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Wedbush restated an “outperform” rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Evercore ISI raised their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $783.00.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 209,155 shares of company stock worth $159,682,799 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.8 %

Shares of Netflix stock opened at $934.74 on Friday. The stock’s fifty day moving average is $788.37 and its 200-day moving average is $707.66. 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 firm has a market capitalization of $399.56 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. Netflix, Inc. has a 12-month low of $448.32 and a 12-month high of $935.27.

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

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.