Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Invests $837,000 in Netflix, Inc. (NASDAQ:NFLX)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,180 shares of the Internet television network's stock, valued at approximately $837,000. Netflix accounts for approximately 2.3% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. New World Advisors LLC raised its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock valued at $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co grew its holdings in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network's stock worth $1,195,000 after acquiring an additional 15 shares in the last quarter. Cedrus LLC grew its holdings in Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network's stock worth $1,263,000 after acquiring an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC grew its holdings in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network's stock worth $1,717,000 after acquiring an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC grew its holdings in Netflix by 2.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network's stock worth $406,000 after acquiring an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock traded up $12.20 on Thursday, hitting $896.05. 3,718,821 shares of the company's stock traded hands, compared to its average volume of 3,667,581. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. The stock has a market cap of $383.03 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 1.68 and a beta of 1.25. The stock has a fifty day moving average of $751.39 and a 200-day moving average of $688.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 25,074 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. This trade represents a 99.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm's stock in a transaction on 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 90 days, insiders sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFLX shares. TD Cowen boosted their price target on Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Wedbush reissued an "outperform" rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a report on Monday. BMO Capital Markets reaffirmed an "outperform" rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Benchmark reiterated a "sell" rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Finally, Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $764.82.

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.