15,724 Netflix, Inc. $NFLX Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 107,422 shares of the Internet television network’s stock after buying an additional 15,724 shares during the quarter. Brighton Jones LLC’s holdings in Netflix were worth $7,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Netflix in the 2nd quarter valued at $24,902,221,000. Bank of New York Mellon Corp purchased a new stake in Netflix during the second quarter worth $1,906,482,000. Legal & General Group Plc acquired a new stake in Netflix during the second quarter valued at $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Netflix during the second quarter valued at $1,481,303,000. Finally, Assenagon Asset Management S.A. grew its position in Netflix by 194.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after buying an additional 10,647,803 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HSBC downgraded shares of Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $96.00 to $76.00 in a research report on Tuesday, September 22nd. Loop Capital dropped their target price on Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Argus set a $95.00 price target on Netflix and gave the company a “buy” rating in a research note on Thursday, October 22nd. Moffett Nathanson reaffirmed a “buy” rating and issued a $90.00 price target on shares of Netflix in a report on Wednesday, October 21st. Finally, CLSA initiated coverage on Netflix in a report on Monday, July 20th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.14.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Insider Buying and Selling at Netflix

In related news, insider David Hyman sold 5,727 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total transaction of $369,677.85. Following the completion of the transaction, the insider owned 166,100 shares in the company, valued at $10,721,755. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 720 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $75.27, for a total transaction of $54,194.40. Following the transaction, the director owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This trade represents a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 70,960 shares of company stock valued at $4,752,050. Corporate insiders own 1.24% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $63.41 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day moving average of $71.03 and a 200 day moving average of $80.97. The firm has a market cap of $260.38 billion, a PE ratio of 18.33, a PEG ratio of 0.93 and a beta of 1.62. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The business had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

About Netflix

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.