Kercheville Advisors LLC Has $8.61 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Kercheville Advisors LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,140 shares of the Internet television network’s stock after purchasing an additional 250 shares during the quarter. Netflix makes up 3.6% of Kercheville Advisors LLC’s portfolio, making the stock its 8th largest holding. Kercheville Advisors LLC’s holdings in Netflix were worth $8,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. GQG Partners LLC acquired a new stake in Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC lifted its position in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the period. Assenagon Asset Management S.A. lifted its position in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the first quarter worth approximately $372,293,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $754.68 on Monday. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $325.27 billion, a PE ratio of 52.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The firm has a 50-day moving average price of $706.67 and a 200 day moving average price of $659.88.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Bank of America upped their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays reiterated an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research report on Friday, October 18th. Sanford C. Bernstein increased their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Canaccord Genuity Group increased their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,711 shares of company stock valued at $153,905,830. Corporate insiders own 1.76% of the company’s stock.

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.