World Investment Advisors LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

World Investment Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,735 shares of the Internet television network’s stock after acquiring an additional 520 shares during the quarter. World Investment Advisors LLC’s holdings in Netflix were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 worth $34,000 after buying an additional 42 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter worth $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’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 directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated 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 sold a total of 165,405 shares of company stock worth $129,623,487 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. China Renaissance started coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Evercore ISI increased their target price on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Loop Capital boosted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $787.85.

Netflix Stock Performance

Netflix stock opened at $918.87 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12 month low of $461.86 and a 12 month high of $941.75. The company has a fifty day moving average price of $814.02 and a two-hundred day moving average price of $719.83. The company has a market cap of $392.78 billion, a PE ratio of 52.00, a P/E/G ratio of 1.80 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $9.77 billion. Research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.