Netflix, Inc. $NFLX Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 141.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,818 shares of the Internet television network's stock after acquiring an additional 30,368 shares during the period. Fulcrum Asset Management LLP's holdings in Netflix were worth $3,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Netflix during the second quarter valued at approximately $26,000. Pathway Financial Advisers LLC purchased a new position in shares of Netflix in the 3rd quarter worth approximately $26,000. Sawyer & Company Inc purchased a new position in shares of Netflix in the 3rd quarter worth approximately $27,000. Compound Global Advisors LLC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $29,000. Finally, Burnham & Co LLC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 720 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the completion of the transaction, the director owned 2,460 shares of the company's stock, valued at $185,164.20. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,253 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total value of $612,085.95. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $4,881,010.05. This trade represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 61,712 shares of company stock valued at $4,051,144 in the last 90 days. 1.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Robert W. Baird set a $90.00 price target on Netflix and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Guggenheim dropped their price objective on shares of Netflix from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. Loop Capital dropped their price objective on shares of Netflix from $115.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, July 24th. UBS Group set a $90.00 price objective on shares of Netflix in a research report on Wednesday, October 21st. Finally, Piper Sandler reissued an "overweight" rating and issued a $78.00 target price (down from $85.00) on shares of Netflix in a research note on Wednesday, October 21st. Two research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.14.

Netflix Stock Up 0.9%

Shares of NASDAQ NFLX opened at $63.95 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $262.60 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.97 and a beta of 1.62. The stock has a 50 day moving average price of $70.68 and a 200 day moving average price of $80.86. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $116.73.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.87 billion for the quarter, compared to analysts' expectations of $12.87 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Netflix's revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

About Netflix

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.