Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,356 shares of the Internet television network’s stock after acquiring an additional 214 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Netflix were worth $3,090,000 at the end of the most recent quarter.

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

Netflix Trading Down 3.6 %

Shares of NFLX stock opened at $865.59 on Tuesday. The firm’s 50-day simple moving average is $758.78 and its 200-day simple moving average is $693.29. The firm has a market cap of $370.00 billion, a P/E ratio of 48.99, a PEG ratio of 1.73 and a beta of 1.25. 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 $908.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,074 shares of the company’s 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 completion of the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 185,866 shares of company stock worth $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. KeyCorp increased their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Evercore ISI lifted their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Loop Capital increased their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

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.