Haverford Trust Co Increases Position in Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Haverford Trust Co raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 9.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,553 shares of the Internet television network’s stock after purchasing an additional 128 shares during the period. Haverford Trust Co’s holdings in Netflix were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC boosted its position in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. GQG Partners LLC acquired a new position in Netflix during the first quarter valued at approximately $1,450,476,000. Assenagon Asset Management S.A. raised its stake in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at approximately $372,293,000. Finally, Swedbank AB purchased a new stake in shares of Netflix during the first quarter valued at approximately $216,538,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on NFLX shares. China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research note on Friday, October 18th. Guggenheim lifted their price target on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, UBS Group lifted their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note 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 issued a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $748.15.

Check Out Our Latest Stock Analysis on Netflix

Netflix Trading Up 1.3 %

NASDAQ:NFLX opened at $830.47 on Thursday. The stock’s 50 day moving average price is $726.52 and its 200 day moving average price is $675.52. Netflix, Inc. has a 52 week low of $445.64 and a 52 week high of $836.99. The company has a market capitalization of $354.99 billion, a P/E ratio of 47.00, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data 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 return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock worth $146,747,101 over the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).