Oakbrook Investments LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,375 shares of the Internet television network’s stock, valued at approximately $840,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Balentine LLC grew its position in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares in the last quarter. Aviance Capital Management LLC purchased a new position in shares of Netflix in the second quarter valued at $137,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Netflix in the third quarter valued at $171,000. Grove Bank & Trust grew its position in Netflix by 249.6% during the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after buying an additional 684 shares in the last quarter. Finally, Harfst & Associates Inc. grew its position in Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
In other news, insider Jonathan Friedland sold 972 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total value of $218,816.64. Following the completion of the sale, the insider now owns 972 shares of the company’s stock, valued at approximately $218,816.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The disclosure for this sale can be found here. In the last three months, insiders sold 341,551 shares of company stock valued at $66,457,350. 4.90% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the company. Stifel Nicolaus boosted their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $225.00 target price (up from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a research report on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Loop Capital boosted their target price on Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average target price of $213.56.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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