APG Asset Management N.V. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,331 shares of the Internet television network’s stock after selling 68,111 shares during the period. APG Asset Management N.V. owned 0.13% of Netflix worth $79,866,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Patriot Financial Group Insurance Agency LLC purchased a new position in Netflix during the fourth quarter worth approximately $114,000. Intellectus Partners LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $117,000. CENTRAL TRUST Co boosted its position in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Netflix by 38.7% in the first quarter. Duncker Streett & Co. Inc. now owns 1,075 shares of the Internet television network’s stock valued at $159,000 after buying an additional 300 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Netflix by 54.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,417 shares of the Internet television network’s stock valued at $175,000 after buying an additional 497 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 1.03% on Friday, reaching $157.30. 2,432,414 shares of the company traded hands. The stock has a market cap of $67.80 billion, a price-to-earnings ratio of 203.49 and a beta of 1.27. The stock has a 50 day moving average of $150.36 and a 200 day moving average of $136.82. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $161.78.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. On average, analysts expect that Netflix, Inc. will post $1.04 earnings per share for the current year.
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NFLX has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $159.00 target price on shares of Netflix in a report on Saturday, January 28th. Wedbush upped their price target on Netflix from $68.00 to $73.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $138.98 price objective for the company in a research note on Monday, April 17th. Pivotal Research increased their price objective on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Finally, Cowen and Company raised their price target on Netflix from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $146.24.
In related news, CEO Reed Hastings sold 84,469 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $142.71, for a total transaction of $12,054,570.99. Following the transaction, the chief executive officer now directly owns 84,469 shares of the company’s stock, valued at $12,054,570.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Insiders sold 368,241 shares of company stock worth $53,520,038 over the last three months. Insiders own 4.90% of the company’s stock.
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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