9,363 Shares in Netflix, Inc. $NFLX Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,363 shares of the Internet television network’s stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix in the 2nd quarter valued at $26,000. Pathway Financial Advisers LLC purchased a new stake in Netflix in the third quarter worth $26,000. Sawyer & Company Inc bought a new stake in shares of Netflix during the third quarter worth $27,000. Compound Global Advisors LLC bought a new stake in shares of Netflix during the second quarter worth $29,000. Finally, Burnham & Co LLC bought a new stake in shares of Netflix during the second quarter worth $29,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of Netflix stock opened at $63.41 on Monday. The firm has a market cap of $260.38 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.93 and a beta of 1.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73. The stock’s fifty day moving average price is $71.03 and its 200-day moving average price is $80.97.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Stephens began coverage on shares of Netflix in a research note on Friday, July 17th. They set an “overweight” rating for the company. Itau BBA Securities decreased their price objective on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Loop Capital lowered their price objective on shares of Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 24th. CICC Research lowered their price objective on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Barclays set a $65.00 target price on shares of Netflix and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $89.14.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the sale, the insider owned 166,100 shares of the company’s stock, valued at approximately $10,721,755. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 17,980 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $5,102,550.70. This represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 61,712 shares of company stock worth $4,051,144. 1.24% of the stock is currently owned by company insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Netflix Profile

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.