SRS Capital Advisors Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3,361.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 727 shares of the Internet television network’s stock after buying an additional 706 shares during the period. SRS Capital Advisors Inc.’s holdings in Netflix were worth $107,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cantab Capital Partners LLP purchased a new position in Netflix during the fourth quarter valued at $177,000. Cpcm LLC purchased a new position in Netflix during the fourth quarter valued at $255,000. Flinton Capital Management LLC purchased a new position in Netflix during the fourth quarter valued at $483,000. Oribel Capital Management LP purchased a new position in Netflix during the fourth quarter valued at $3,565,000. Finally, Renaissance Technologies LLC purchased a new position in Netflix during the fourth quarter valued at $136,861,000. Hedge funds and other institutional investors own 82.77% of the company’s stock.
Netflix, Inc. (NASDAQ:NFLX) traded down 0.50% during midday trading on Thursday, reaching $154.26. 903,854 shares of the company’s stock were exchanged. The firm has a market capitalization of $66.48 billion, a price-to-earnings ratio of 199.56 and a beta of 0.96. Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $166.87. The firm’s 50 day moving average is $158.38 and its 200 day moving average is $143.59.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post $1.05 earnings per share for the current year.
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Several research analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $178.00 price objective on shares of Netflix in a research report on Wednesday, May 31st. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $166.13 price objective on the stock. in a research report on Thursday, May 25th. Finally, Instinet reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $148.79.
In other Netflix news, CEO Reed Hastings sold 115,577 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the sale, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $143.90, for a total value of $287,800.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at approximately $1,152,926.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 430,458 shares of company stock worth $65,498,153. 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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