Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,180 shares of the Internet television network’s stock, valued at approximately $837,000. Netflix makes up 2.3% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings, making the stock its 16th biggest holding.

Several other large investors have also recently made changes to their positions in NFLX. Denver PWM LLC acquired a new position in Netflix during the second quarter worth $25,000. Proffitt & Goodson Inc. raised its holdings 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 during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC increased its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter worth about $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX stock opened at $883.85 on Thursday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $890.60. The firm has a market capitalization of $377.81 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $747.20 and a 200-day moving average of $686.80.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Benchmark reiterated a “sell” rating and issued a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Guggenheim upped their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, Evercore ISI raised their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $764.82.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is owned by company insiders.

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.