Altshuler Shaham Ltd Has $2.47 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Altshuler Shaham Ltd increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 48.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,653 shares of the Internet television network’s stock after acquiring an additional 1,200 shares during the period. Netflix accounts for approximately 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 28th biggest position. Altshuler Shaham Ltd’s holdings in Netflix were worth $2,465,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NFLX. HighVista Strategies LLC acquired a new position in Netflix during the second quarter valued at approximately $1,215,000. Certified Advisory Corp raised its stake in shares of Netflix by 7.4% during the 2nd quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after purchasing an additional 80 shares in the last quarter. Edge Capital Group LLC boosted its holdings in shares of Netflix by 4.8% in the 2nd quarter. Edge Capital Group LLC now owns 1,737 shares of the Internet television network’s stock valued at $1,172,000 after buying an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Netflix by 7.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,614 shares of the Internet television network’s stock valued at $2,899,000 after buying an additional 337 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new position in Netflix during the second quarter worth $927,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. China Renaissance assumed coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Pivotal Research raised their target price on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Bank of America boosted their price target on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price objective on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, TD Cowen lifted their target price on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Down 0.5 %

NFLX stock opened at $701.03 on Monday. The firm has a market capitalization of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $715.66. The stock’s 50 day moving average is $663.00 and its 200-day moving average is $641.15.

Netflix (NASDAQ:NFLX) last released its earnings results 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. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The disclosure for this sale can be found here. Insiders sold 197,226 shares of company stock valued at $129,858,692 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix 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.