Boys Arnold & Co. Inc. Holds Position in Netflix, Inc. (NFLX)

Boys Arnold & Co. Inc. held its stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent filing with the SEC. The fund owned 2,475 shares of the Internet television network’s stock at the end of the first quarter. Boys Arnold & Co. Inc.’s holdings in Netflix were worth $366,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NFLX. Linscomb & Williams Inc. increased its stake in Netflix by 0.9% in the fourth quarter. Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network’s stock valued at $405,000 after buying an additional 29 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,979 shares of the Internet television network’s stock valued at $740,000 after buying an additional 32 shares during the last quarter. Edmond DE Rothschild Italia SGR SPA increased its stake in Netflix by 0.9% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 3,829 shares of the Internet television network’s stock valued at $377,000 after buying an additional 33 shares during the last quarter. Formidable Asset Management LLC increased its stake in Netflix by 0.8% in the fourth quarter. Formidable Asset Management LLC now owns 4,695 shares of the Internet television network’s stock valued at $582,000 after buying an additional 36 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) traded up 0.28% during midday trading on Friday, reaching $141.57. The company’s stock had a trading volume of 3,240,969 shares. The firm has a market capitalization of $60.93 billion, a PE ratio of 329.23 and a beta of 1.27. The stock has a 50 day moving average of $143.46 and a 200 day moving average of $130.69. Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $148.29.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the firm posted $0.06 EPS. Netflix’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.05 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on NFLX. Loop Capital increased their price objective on Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research note on Tuesday. Rosenblatt Securities restated a “neutral” rating and set a $155.00 price target on shares of Netflix in a research note on Tuesday. Robert W. Baird restated a “neutral” rating and set a $138.00 price target on shares of Netflix in a research note on Monday, April 3rd. Finally, FBR & Co restated a “hold” rating and set a $144.00 price target on shares of Netflix in a research note on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $145.35.

In other news, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $140.00, for a total value of $1,400,000.00. Following the completion of the transaction, the insider now directly owns 469,952 shares of the company’s stock, valued at approximately $65,793,280. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tawni Cranz sold 2,170 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $144.23, for a total value of $312,979.10. Following the sale, the insider now owns 2,170 shares in the company, valued at $312,979.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,281 shares of company stock valued at $34,047,161. 4.90% of the stock is currently owned by insiders.

About Netflix

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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