State of New Jersey Common Pension Fund D Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

State of New Jersey Common Pension Fund D lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.1% during the 3rd quarter, Holdings Channel reports. The firm owned 159,294 shares of the Internet television network’s stock after selling 207 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Netflix were worth $112,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. New World Advisors LLC raised its holdings in shares of Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC lifted its position in Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after buying an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC raised its holdings in Netflix by 0.6% during the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after acquiring an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC increased its holdings in Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NFLX shares. JPMorgan Chase & Co. upped their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Benchmark reissued a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wedbush raised their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Pivotal Research upped their price objective on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two 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.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. 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 is accessible through this link. In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,112 shares of company stock valued at $169,954,456. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.2 %

Shares of Netflix stock traded down $1.50 on Friday, reaching $795.04. 1,910,626 shares of the company’s stock were exchanged, compared to its average volume of 3,927,056. The company has a market capitalization of $339.85 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. Netflix, Inc. has a 52 week low of $434.35 and a 52 week high of $799.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day moving average is $721.55 and its two-hundred day moving average is $671.19.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts predict that Netflix, Inc. will post 19.78 EPS 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.