Curi RMB Capital LLC Buys 76 Shares of Netflix, Inc. (NASDAQ:NFLX)

Curi RMB Capital LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,045 shares of the Internet television network’s stock after purchasing an additional 76 shares during the period. Curi RMB Capital LLC’s holdings in Netflix were worth $741,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Aubrey Capital Management Ltd bought a new stake in Netflix during the third quarter valued at about $3,405,000. Zions Bancorporation N.A. grew its holdings in Netflix by 9.5% during the third quarter. Zions Bancorporation N.A. now owns 13,304 shares of the Internet television network’s stock valued at $9,436,000 after purchasing an additional 1,159 shares during the period. KBC Group NV grew its holdings in Netflix by 14.1% during the third quarter. KBC Group NV now owns 122,321 shares of the Internet television network’s stock valued at $86,758,000 after purchasing an additional 15,126 shares during the period. Huntington National Bank grew its holdings in Netflix by 2.0% during the third quarter. Huntington National Bank now owns 180,894 shares of the Internet television network’s stock valued at $128,303,000 after purchasing an additional 3,551 shares during the period. Finally, Plato Investment Management Ltd grew its holdings in Netflix by 14.4% during the third quarter. Plato Investment Management Ltd now owns 10,878 shares of the Internet television network’s stock valued at $7,708,000 after purchasing an additional 1,368 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 205,084 shares of company stock valued at $146,747,101. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $823.96 on Friday. 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 firm has a fifty day moving average price of $732.60 and a 200 day moving average price of $677.72. The company has a market cap of $352.21 billion, a P/E ratio of 46.45, a PEG ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $841.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Oppenheimer boosted their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Needham & Company LLC upped their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research note on Friday, October 18th. Bank of America upped their price objective on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark reaffirmed a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $748.15.

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.