Talbot Financial LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Talbot Financial LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,264 shares of the Internet television network’s stock after buying an additional 808 shares during the quarter. Netflix makes up about 1.4% of Talbot Financial LLC’s investment portfolio, making the stock its 28th largest holding. Talbot Financial LLC’s holdings in Netflix were worth $11,536,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after purchasing an additional 149,341 shares during the period. Jennison Associates LLC raised its stake in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the period. Fisher Asset Management LLC boosted its position in Netflix by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock valued at $2,003,810,000 after acquiring an additional 72,807 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,784 shares of company stock worth $150,212,870 in the last three months. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NFLX shares. Benchmark boosted their target price on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Macquarie reiterated an “outperform” rating and set a $685.00 target price on shares of Netflix in a report on Tuesday, July 16th. The Goldman Sachs Group upped their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Tuesday, July 30th. Finally, Piper Sandler upgraded Netflix from a “neutral” rating to an “overweight” rating and raised their price target for the company from $650.00 to $800.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $691.76.

Netflix Stock Up 2.8 %

NFLX stock opened at $721.76 on Wednesday. The business’s 50-day moving average price is $678.35 and its 200-day moving average price is $648.76. The stock has a market cap of $311.08 billion, a P/E ratio of 50.09, a PEG ratio of 1.44 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 $725.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating 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 business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the firm earned $3.29 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current 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.