Quest Partners LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Quest Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 191.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,760 shares of the Internet television network’s stock after purchasing an additional 1,814 shares during the period. Quest Partners LLC’s holdings in Netflix were worth $1,958,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Denver PWM LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. raised its holdings in 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position 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 last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % 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. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,277 shares of company stock valued at $132,875,601. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $847.05 on Tuesday. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $848.45. 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’s fifty day simple moving average is $739.20 and its two-hundred day simple moving average is $683.35. The company has a market cap of $362.08 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 1.59 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. JPMorgan Chase & Co. increased their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Loop Capital boosted their price objective on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $753.45.

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.