Eagle Asset Management Inc. Has $14.54 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Eagle Asset Management Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 20,496 shares of the Internet television network’s stock after purchasing an additional 1,493 shares during the period. Eagle Asset Management Inc.’s holdings in Netflix were worth $14,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Denver PWM LLC acquired a new position in Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Netflix in the third quarter valued at about $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NFLX opened at $897.79 on Friday. The business’s fifty day moving average is $755.40 and its 200 day moving average is $690.93. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. 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 stock has a market cap of $383.77 billion, a P/E ratio of 50.81, a P/E/G ratio of 1.73 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.77 billion. Sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and issued a $950.00 price target (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. KeyCorp raised their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Guggenheim increased 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. Finally, Loop Capital boosted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

Insider Buying and Selling at Netflix

In other news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,866 shares of company stock worth $133,393,921. Insiders own 1.76% of the company’s stock.

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.