Monetta Financial Services Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the Internet television network’s stock, valued at approximately $886,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Atria Investments LLC boosted its stake in shares of Netflix by 18.7% in the 4th quarter. Atria Investments LLC now owns 4,766 shares of the Internet television network’s stock worth $915,000 after buying an additional 751 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Netflix by 4.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,465,711 shares of the Internet television network’s stock worth $281,358,000 after buying an additional 57,587 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of Netflix in the 4th quarter worth $840,000. Interactive Financial Advisors purchased a new position in shares of Netflix in the 4th quarter worth $187,000. Finally, UMB Bank N A MO boosted its stake in shares of Netflix by 123.5% in the 4th quarter. UMB Bank N A MO now owns 3,731 shares of the Internet television network’s stock worth $716,000 after buying an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.
NFLX has been the topic of a number of research reports. Piper Jaffray Companies raised their price target on Netflix from $360.00 to $367.00 in a research note on Tuesday, April 17th. Loop Capital raised their price target on Netflix from $325.00 to $330.00 in a research note on Tuesday, April 17th. Macquarie set a $275.00 price target on Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Morgan Stanley set a $275.00 price target on Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $280.00 price target (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average target price of $296.12.
In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total value of $195,825.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,068,191.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $327.25, for a total value of $327,250.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $327,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,230 shares of company stock valued at $77,215,089. 4.29% of the stock is currently owned by company insiders.
Shares of NFLX stock opened at $324.18 on Monday. Netflix, Inc. has a 12-month low of $144.25 and a 12-month high of $338.82. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $140.92 billion, a PE ratio of 217.57, a PEG ratio of 4.20 and a beta of 0.97.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. analysts predict that Netflix, Inc. will post 2.9 EPS for the current year.
Netflix Company Profile
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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