Associated Banc Corp Purchases 4,981 Shares of Netflix, Inc. (NASDAQ:NFLX)

Associated Banc Corp boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 374.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,312 shares of the Internet television network’s stock after acquiring an additional 4,981 shares during the quarter. Associated Banc Corp’s holdings in Netflix were worth $4,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. International Assets Investment Management LLC lifted its position in Netflix by 116,620.0% in the 3rd 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 buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. Swedbank AB purchased a new stake in shares of Netflix in the 1st quarter valued at $216,538,000. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Netflix in the 3rd quarter worth $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NFLX shares. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Benchmark restated a “sell” rating and set a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $764.82.

Insider Buying and Selling at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was 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 through this link. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. This trade represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Down 3.6 %

NASDAQ NFLX opened at $865.59 on Tuesday. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00. The company has a 50 day moving average price of $758.78 and a 200 day moving average price of $693.29. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $370.00 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.

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

Netflix Company Profile

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.