Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by BayBridge Capital Group LLC

BayBridge Capital Group LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,069 shares of the Internet television network’s stock after purchasing an additional 31 shares during the quarter. Netflix makes up approximately 1.1% of BayBridge Capital Group LLC’s portfolio, making the stock its 22nd largest position. BayBridge Capital Group LLC’s holdings in Netflix were worth $1,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. DigitalBridge Group Inc. raised its stake in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. M&G Plc bought a new position in Netflix during the first quarter valued at approximately $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after acquiring an additional 30,511 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Netflix by 14.9% in the first quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock valued at $6,274,000 after acquiring an additional 1,342 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Netflix by 13.9% in the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after acquiring an additional 7,406 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated 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 three months, insiders sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $754.68 on Friday. The business has a 50 day simple moving average of $706.67 and a 200 day simple moving average of $659.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Evercore ISI boosted their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Bank of America increased their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Finally, Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $747.70.

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.