Netflix, Inc. (NASDAQ:NFLX) is Slow Capital Inc.’s 6th Largest Position

Slow Capital Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,020 shares of the Internet television network’s stock after acquiring an additional 478 shares during the quarter. Netflix accounts for about 3.3% of Slow Capital Inc.’s investment portfolio, making the stock its 6th largest holding. Slow Capital Inc.’s holdings in Netflix were worth $21,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC raised its stake in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the last quarter. Proffitt & Goodson Inc. grew its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $763.89 on Friday. The stock has a market capitalization of $329.24 billion, a P/E ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $392.26 and a 1 year high of $766.28. The firm has a 50 day moving average of $696.38 and a 200-day moving average of $654.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NFLX shares. Wedbush lifted their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday. China Renaissance initiated coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays reaffirmed an “underweight” rating and set a $550.00 price objective on shares of Netflix in a report on Friday. Finally, Guggenheim boosted their target price on shares of Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have issued 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 $739.38.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 over the last ninety days. 1.76% of the stock is owned by insiders.

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.