Assenagon Asset Management S.A. Has $750.71 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Assenagon Asset Management S.A. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 154.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,058,431 shares of the Internet television network’s stock after buying an additional 642,920 shares during the period. Netflix accounts for about 1.4% of Assenagon Asset Management S.A.’s holdings, making the stock its 11th biggest holding. Assenagon Asset Management S.A. owned 0.25% of Netflix worth $750,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NFLX. Bogart Wealth LLC increased its stake in shares of Netflix by 1.1% in the 3rd quarter. Bogart Wealth LLC now owns 18,997 shares of the Internet television network’s stock valued at $13,474,000 after acquiring an additional 202 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Netflix in the third quarter valued at $103,000. Jackson Wealth Management LLC acquired a new position in shares of Netflix during the third quarter valued at about $310,000. Impact Partnership Wealth LLC acquired a new position in shares of Netflix during the third quarter valued at about $533,000. Finally, Grimes & Company Inc. boosted its position in shares of Netflix by 8.5% during the 3rd quarter. Grimes & Company Inc. now owns 345 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 27 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock worth $153,905,830 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America boosted their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Argus raised their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Price Performance

NASDAQ NFLX traded up $5.64 during trading hours on Thursday, hitting $754.93. The company had a trading volume of 1,140,631 shares, compared to its average volume of 3,718,759. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $325.37 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 52 week low of $395.62 and a 52 week high of $773.00. The firm has a 50 day simple moving average of $703.23 and a 200 day simple moving average of $657.75.

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.