Arthur M. Cohen & Associates LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Arthur M. Cohen & Associates LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,648 shares of the Internet television network’s stock after purchasing an additional 186 shares during the period. Netflix makes up approximately 1.6% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 14th largest position. Arthur M. Cohen & Associates LLC’s holdings in Netflix were worth $8,931,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. DigitalBridge Group Inc. boosted its holdings in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc purchased a new position in shares of Netflix in the 1st quarter worth about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Forsta AP Fonden grew its position in Netflix by 7.7% during the 3rd quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Netflix during the 1st quarter valued at about $1,304,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.3 %

Shares of Netflix stock opened at $757.80 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $714.30 and a 200 day moving average of $665.72. The company has a market capitalization of $323.93 billion, a P/E ratio of 42.76, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $429.61 and a fifty-two week high of $773.00.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,477 shares of company stock worth $160,300,776 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFLX. Sanford C. Bernstein upped their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Guggenheim upped their price target on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, TD Cowen increased their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, Netflix presently 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.