Landscape Capital Management L.L.C. Invests $2.23 Million in Netflix, Inc. (NASDAQ:NFLX)

Landscape Capital Management L.L.C. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,149 shares of the Internet television network’s stock, valued at approximately $2,233,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Netflix by 10.2% during the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock worth $3,093,000 after buying an additional 471 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Netflix by 24.8% in the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock valued at $2,168,000 after acquiring an additional 710 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Netflix by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,420 shares of the Internet television network’s stock valued at $12,402,000 after purchasing an additional 413 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in Netflix during the 1st quarter worth approximately $260,000. Finally, Lazard Asset Management LLC raised its position in Netflix by 35.0% in the first quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network’s stock worth $78,010,000 after acquiring an additional 33,269 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.4 %

Shares of NASDAQ:NFLX opened at $896.05 on Friday. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. The company’s fifty day moving average is $751.39 and its two-hundred day moving average is $688.25. 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 stock has a market capitalization of $383.03 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. This represents a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. The trade was a 25.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,866 shares of company stock valued at $133,393,921 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NFLX. Evercore ISI boosted their price objective on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Needham & Company LLC increased 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. Wedbush reaffirmed an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Monday. Finally, Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

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.