Strs Ohio lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 299,588 shares of the Internet television network’s stock after selling 31,057 shares during the period. Strs Ohio owned approximately 0.07% of Netflix worth $112,084,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in Netflix in the 1st quarter worth approximately $265,000. Atlantic Trust Group LLC boosted its position in Netflix by 65.4% in the 1st quarter. Atlantic Trust Group LLC now owns 28,079 shares of the Internet television network’s stock worth $8,293,000 after purchasing an additional 11,099 shares in the last quarter. Moors & Cabot Inc. boosted its position in Netflix by 12.5% in the 1st quarter. Moors & Cabot Inc. now owns 1,895 shares of the Internet television network’s stock worth $560,000 after purchasing an additional 210 shares in the last quarter. Navellier & Associates Inc boosted its position in Netflix by 20.3% in the 1st quarter. Navellier & Associates Inc now owns 4,800 shares of the Internet television network’s stock worth $1,418,000 after purchasing an additional 809 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Netflix by 49,540.2% in the 1st quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after purchasing an additional 905,594 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $314.64, for a total value of $314,640.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $314,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodore A. Sarandos sold 111,391 shares of the firm’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the sale, the insider now directly owns 16,065 shares of the company’s stock, valued at $5,783,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 403,334 shares of company stock valued at $142,463,785. 4.29% of the stock is owned by corporate insiders.
Several equities research analysts have commented on NFLX shares. Pivotal Research upped their price objective on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Credit Suisse Group restated a “neutral” rating and issued a $330.00 price objective on shares of Netflix in a research report on Thursday, June 21st. Zacks Investment Research lowered Netflix from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Imperial Capital started coverage on Netflix in a research report on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 price objective on the stock. Finally, Bank of America upped their price objective on Netflix from $352.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $376.83.
NASDAQ NFLX traded down $14.45 during mid-day trading on Friday, hitting $332.26. The stock had a trading volume of 480,101 shares, compared to its average volume of 12,086,094. Netflix, Inc. has a twelve month low of $178.38 and a twelve month high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39. The company has a market cap of $158.81 billion, a P/E ratio of 279.70, a P/E/G ratio of 4.66 and a beta of 0.89.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 34.0% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 2.61 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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