Itau Unibanco Holding S.A. Buys 1,643 Shares of Netflix, Inc. (NASDAQ:NFLX)

Itau Unibanco Holding S.A. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,643 shares of the Internet television network's stock after buying an additional 1,643 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Netflix were worth $18,188,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NFLX. DigitalBridge Group Inc. lifted its position in Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network's stock valued at $24,338,000 after acquiring an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock worth $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock valued at $434,398,000 after purchasing an additional 11,921 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Netflix during the third quarter valued at approximately $1,517,000. Finally, Westfield Capital Management Co. LP purchased a new position in Netflix during the third quarter valued at approximately $222,871,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value 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. This represents a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,792 shares of company stock valued at $116,320,533 in the last three months. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Up 0.5 %

Netflix stock traded up $4.43 during mid-day trading on Tuesday, hitting $902.17. The company had a trading volume of 2,397,309 shares, compared to its average volume of 3,650,809. 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 $385.64 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 1.73 and a beta of 1.27. The business has a fifty day moving average of $780.46 and a 200 day moving average of $704.75. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. On average, sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. Morgan Stanley raised their price objective on shares of Netflix from $820.00 to $830.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Loop Capital increased their target price on Netflix from $750.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective on Netflix from $750.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $775.58.

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.