Gratus Capital LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,297 shares of the Internet television network’s stock, valued at approximately $235,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in shares of Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares during the period. Kalos Management Inc. grew its holdings in shares of Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the period. Northwest Wealth Management LLC grew its holdings in shares of Netflix by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after acquiring an additional 15 shares during the period. Lincoln Capital Corp grew its holdings in shares of Netflix by 1.0% in the 2nd quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock worth $302,000 after acquiring an additional 20 shares during the period. Finally, Appropriate Balance Financial Services Inc. grew its holdings in shares of Netflix by 5.6% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after acquiring an additional 37 shares during the period. Institutional investors own 80.32% of the company’s stock.
In related news, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total value of $14,766,438.75. Following the completion of the transaction, the chief executive officer now directly owns 75,243 shares in the company, valued at $14,766,438.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 3,617 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders sold 326,935 shares of company stock valued at $63,034,672 over the last quarter. Insiders own 4.90% of the company’s stock.
Netflix, Inc. (NFLX) traded up $0.09 during trading hours on Thursday, reaching $196.32. The company had a trading volume of 5,879,771 shares, compared to its average volume of 6,664,596. The firm has a market capitalization of $84,914.82, a P/E ratio of 198.21, a price-to-earnings-growth ratio of 5.83 and a beta of 1.39. Netflix, Inc. has a fifty-two week low of $113.95 and a fifty-two week high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. analysts expect that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
NFLX has been the topic of a number of research reports. Bank of America Corporation upped their price target on Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. MKM Partners upped their price target on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. BTIG Research upped their target price on Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Netflix in a research note on Wednesday, August 16th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $207.20.
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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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