California Public Employees Retirement System raised its position in Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 868,930 shares of the Internet television network’s stock after buying an additional 26,492 shares during the period. California Public Employees Retirement System’s holdings in Netflix were worth $166,800,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Balentine LLC boosted its holdings in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. Goodman Financial Corp acquired a new position in shares of Netflix during the 4th quarter worth approximately $163,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $171,000. Finally, Grove Bank & Trust boosted its holdings in shares of Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.
Several brokerages have recently weighed in on NFLX. MKM Partners boosted their target price on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, January 29th. BidaskClub upgraded Netflix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $266.45 target price on the stock. in a report on Tuesday. UBS Group set a $290.00 target price on Netflix and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Robert W. Baird boosted their target price on Netflix from $190.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average target price of $237.51.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. equities research analysts expect that Netflix, Inc. will post 2.69 EPS for the current year.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $191.12, for a total value of $191,120.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $191,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $254.87, for a total transaction of $178,409.00. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $1,884,253.91. The disclosure for this sale can be found here. In the last three months, insiders sold 297,138 shares of company stock worth $62,304,023. 4.90% of the stock is owned by corporate insiders.
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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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