Mitchell Mcleod Pugh & Williams Inc. held its stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,406 shares of the Internet television network’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Netflix were worth $210,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in NFLX. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth $103,000. TD Capital Management LLC purchased a new position in Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. raised its position in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Netflix during the first quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.
Netflix, Inc. (NFLX) opened at 186.20 on Tuesday. The firm has a market cap of $80.39 billion, a PE ratio of 226.52 and a beta of 0.99. The company’s 50-day moving average is $159.42 and its 200 day moving average is $149.39. Netflix, Inc. has a one year low of $90.10 and a one year high of $187.91.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. Equities analysts anticipate that Netflix, Inc. will post $1.16 earnings per share for the current year.
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A number of equities analysts recently commented on NFLX shares. Instinet reiterated a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Canaccord Genuity increased their target price on shares of Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Bank of America Corporation reiterated a “buy” rating and issued a $184.00 target price (up previously from $154.00) on shares of Netflix in a research report on Tuesday, April 18th. Pacific Crest reiterated an “overweight” rating and issued a $170.00 target price on shares of Netflix in a research report on Friday, April 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $185.00 target price (up previously from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Netflix has an average rating of “Buy” and an average target price of $169.38.
In other Netflix news, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction on Monday, May 1st. The shares were sold at an average price of $151.91, for a total transaction of $1,519,100.00. Following the transaction, the insider now directly owns 462,460 shares of the company’s stock, valued at approximately $70,252,298.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $159.08, for a total transaction of $318,160.00. Following the transaction, the director now directly owns 7,082 shares in the company, valued at $1,126,604.56. The disclosure for this sale can be found here. In the last three months, insiders sold 321,587 shares of company stock valued at $50,540,078. 4.90% of the stock is currently owned by insiders.
Netflix Company Profile
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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