Gabelli Funds LLC Buys 4,830 Shares of Netflix, Inc. (NFLX)

Gabelli Funds LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,130 shares of the Internet television network’s stock after buying an additional 4,830 shares during the quarter. Gabelli Funds LLC’s holdings in Netflix were worth $16,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. MCF Advisors LLC acquired a new position in Netflix during the 3rd quarter worth about $108,000. CSat Investment Advisory L.P. bought a new position in shares of Netflix in the 2nd quarter worth about $117,000. Guidant Wealth Advisors raised its position in shares of Netflix by 190.5% in the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after acquiring an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Netflix in the 2nd quarter worth about $124,000. Finally, BerganKDV Wealth Management LLC bought a new position in shares of Netflix in the 2nd quarter worth about $137,000. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $376.61, for a total value of $376,610.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $376,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total value of $113,729.00. Following the completion of the transaction, the director now owns 7,314 shares in the company, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. Insiders have sold a total of 335,842 shares of company stock valued at $113,900,463 over the last three months. Corporate insiders own 4.29% of the company’s stock.

Several research firms have recently weighed in on NFLX. ValuEngine lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Monness Crespi & Hardt lowered their price objective on Netflix from $460.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, July 17th. Sanford C. Bernstein reissued a “buy” rating and issued a $434.00 price objective on shares of Netflix in a research report on Tuesday, July 17th. Imperial Capital reissued an “outperform” rating and issued a $459.00 price objective (down from $464.00) on shares of Netflix in a research report on Wednesday, October 24th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Netflix in a research report on Tuesday, July 17th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $378.74.

Shares of NFLX opened at $317.92 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $135.55 billion, a price-to-earnings ratio of 254.34, a P/E/G ratio of 3.94 and a beta of 1.18. Netflix, Inc. has a 52 week low of $178.38 and a 52 week high of $423.21.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Analysts expect that Netflix, Inc. will post 2.63 EPS for the current year.

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About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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