Ackerman Capital Advisors LLC Buys New Holdings in Netflix, Inc. (NFLX)

Ackerman Capital Advisors LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, Holdings Channel reports. The fund bought 689 shares of the Internet television network’s stock, valued at approximately $246,000.

Several other hedge funds have also recently modified their holdings of the company. Kentucky Retirement Systems acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $1,801,000. Neuberger Berman Group LLC grew its position in shares of Netflix by 10.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 88,858 shares of the Internet television network’s stock valued at $33,244,000 after purchasing an additional 8,605 shares during the period. Nordea Investment Management AB grew its position in shares of Netflix by 2.3% in the 3rd quarter. Nordea Investment Management AB now owns 163,385 shares of the Internet television network’s stock valued at $61,127,000 after purchasing an additional 3,713 shares during the period. B. Riley Wealth Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $1,812,000. Finally, Standard Life Aberdeen plc grew its position in shares of Netflix by 8.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 185,832 shares of the Internet television network’s stock valued at $69,562,000 after purchasing an additional 14,559 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Anne M. Sweeney sold 342 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the sale, the director now owns 342 shares in the company, valued at approximately $123,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 54,418 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $362.00, for a total value of $19,699,316.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,440 shares of company stock worth $63,555,861. 4.29% of the stock is owned by company insiders.

Shares of Netflix stock opened at $374.85 on Monday. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21. The company has a market cap of $163.89 billion, a PE ratio of 139.87, a P/E/G ratio of 3.73 and a beta of 1.36. The company has a current ratio of 0.61, a quick ratio of 1.49 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 3.35 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on NFLX shares. Barclays reduced their price target on Netflix from $430.00 to $375.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $430.00 price target (down previously from $475.00) on shares of Netflix in a research report on Friday, January 11th. ValuEngine raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $355.00 price target (down previously from $410.00) on shares of Netflix in a research report on Wednesday, January 2nd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $421.00 price target on shares of Netflix in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Netflix has a consensus rating of “Buy” and a consensus target price of $385.03.

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About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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