Gamco Investors INC. ET AL raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 31.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,525 shares of the Internet television network’s stock after purchasing an additional 1,086 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Netflix were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. HL Financial Services LLC bought a new position in Netflix during the 1st quarter worth approximately $209,000. Advisor Partners LLC grew its position in shares of Netflix by 7.8% during the 1st quarter. Advisor Partners LLC now owns 10,973 shares of the Internet television network’s stock worth $3,241,000 after buying an additional 797 shares during the period. Commerce Bank grew its position in shares of Netflix by 3.7% during the 1st quarter. Commerce Bank now owns 8,156 shares of the Internet television network’s stock worth $2,409,000 after buying an additional 288 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Netflix during the 1st quarter worth approximately $1,605,000. Finally, Aviance Capital Partners LLC grew its position in shares of Netflix by 2,159.3% during the 1st quarter. Aviance Capital Partners LLC now owns 26,027 shares of the Internet television network’s stock worth $7,687,000 after buying an additional 24,875 shares during the period. 73.76% of the stock is currently owned by institutional investors.
Several analysts have recently commented on NFLX shares. Canaccord Genuity raised their price objective on shares of Netflix from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. Imperial Capital reduced their price objective on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a research report on Monday, August 13th. Zacks Investment Research raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $320.00 price objective on shares of Netflix in a research report on Monday, August 20th. Finally, Morgan Stanley set a $480.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, July 12th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $347.59.
In other news, insider Gregory K. Peters sold 6,377 shares of Netflix stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $375.00, for a total transaction of $2,391,375.00. Following the sale, the insider now directly owns 19,467 shares in the company, valued at approximately $7,300,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, August 27th. The stock was sold at an average price of $367.00, for a total value of $367,000.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $367,000. The disclosure for this sale can be found here. Insiders have sold a total of 413,130 shares of company stock worth $151,219,888 over the last ninety days. Insiders own 4.29% of the company’s stock.
NFLX opened at $341.18 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The firm has a market cap of $160.11 billion, a price-to-earnings ratio of 167.89, a PEG ratio of 4.59 and a beta of 0.90. Netflix, Inc. has a 1 year low of $173.73 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. analysts expect that Netflix, Inc. will post 2.67 EPS for the current fiscal 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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