RiverPark Advisors LLC Has $2.61 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

RiverPark Advisors LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,679 shares of the Internet television network’s stock after selling 693 shares during the period. Netflix comprises about 2.1% of RiverPark Advisors LLC’s portfolio, making the stock its 14th biggest holding. RiverPark Advisors LLC’s holdings in Netflix were worth $2,609,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFLX. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Netflix during the 1st quarter worth $1,450,476,000. Assenagon Asset Management S.A. raised its holdings in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix during the 1st quarter worth $372,293,000. Finally, Swedbank AB acquired a new position in shares of Netflix during the 1st quarter worth $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NFLX shares. The Goldman Sachs Group set a $750.00 price target on Netflix in a report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Evercore ISI upped their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. UBS Group upped their target price on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wedbush upped their target price on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Insider Activity

In other news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock worth $146,747,101 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.6 %

NFLX stock opened at $823.96 on Friday. The stock’s 50 day simple moving average is $735.77 and its 200 day simple moving average is $680.46. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. 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 market cap of $352.21 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.

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

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.