Truvestments Capital LLC Makes New $240,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Truvestments Capital LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 339 shares of the Internet television network’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Denver PWM LLC purchased a new position in Netflix in the second quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 3.6 %

Shares of NASDAQ:NFLX opened at $865.59 on Tuesday. The firm has a 50 day simple moving average of $758.78 and a 200-day simple moving average of $693.29. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $370.00 billion, a PE ratio of 48.99, a P/E/G ratio of 1.73 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping 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 firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The shares were 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. Over the last 90 days, insiders have sold 185,866 shares of company stock worth $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. Pivotal Research lifted their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein raised their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Two equities 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. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $764.82.

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.