Starfire Investment Advisers Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,984 shares of the Internet television network’s stock, valued at approximately $381,000.
Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in Netflix in the second quarter valued at $1,045,000. Lincoln National Corp increased its stake in Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after acquiring an additional 268 shares during the last quarter. BB&T Corp increased its stake in Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after acquiring an additional 642 shares during the last quarter. Mizuho Securities USA LLC bought a new position in Netflix in the third quarter valued at $9,793,000. Finally, AGF Investments Inc. bought a new position in Netflix in the third quarter valued at $60,036,000. Institutional investors own 83.27% of the company’s stock.
A number of research analysts recently commented on the company. B. Riley reissued a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $175.00 target price on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $229.01 target price on the stock. in a research note on Monday. UBS Group set a $250.00 target price on Netflix and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $203.00 target price on shares of Netflix in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $212.11.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. sell-side analysts predict that Netflix, Inc. will post 1.25 EPS for the current fiscal year.
In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the sale, the director now directly owns 1,015 shares of the company’s stock, valued at approximately $203,000. The disclosure for this sale can be found here. Insiders have sold 340,579 shares of company stock valued at $66,238,533 in the last three months. 4.90% of the stock is owned by insiders.
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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