296 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Northeast Financial Group Inc.

Northeast Financial Group Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 296 shares of the Internet television network’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. International Assets Investment Management LLC boosted its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Netflix by 3.1% during the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after purchasing an additional 104,332 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after purchasing an additional 83,762 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in Netflix during the first quarter valued at $1,450,476,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,644 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 26.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock worth $146,747,101 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Benchmark reissued a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Morgan Stanley increased their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. China Renaissance initiated coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price on the stock. Barclays reissued an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Finally, Macquarie reaffirmed an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Stock Performance

NASDAQ NFLX opened at $823.96 on Friday. The stock has a market capitalization of $352.21 billion, a PE ratio of 46.63, a P/E/G ratio of 1.60 and a beta of 1.25. The business has a 50 day simple moving average of $735.77 and a two-hundred day simple moving average of $679.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $841.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, research analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.