BT Wealth Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the Internet television network’s stock, valued at approximately $357,000.
Several other large investors have also recently modified their holdings of NFLX. Oregon Public Employees Retirement Fund boosted its stake in shares of Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after acquiring an additional 23,798,143 shares during the last quarter. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter worth approximately $1,209,406,000. Harris Associates L P boosted its stake in shares of Netflix by 90.8% in the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock worth $832,301,000 after acquiring an additional 1,479,651 shares during the last quarter. Jennison Associates LLC boosted its stake in Netflix by 9.0% during the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after buying an additional 792,338 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Netflix by 186.3% during the fourth quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock worth $204,475,000 after buying an additional 497,137 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:NFLX traded down $2.27 on Monday, reaching $348.87. The company’s stock had a trading volume of 8,735,349 shares, compared to its average volume of 9,323,946. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $160.52 billion, a P/E ratio of 130.18, a P/E/G ratio of 3.08 and a beta of 1.36.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.98 earnings per share for the current fiscal year.
NFLX has been the topic of a number of recent research reports. Sanford C. Bernstein reissued a “buy” rating and set a $421.00 price objective on shares of Netflix in a research note on Tuesday, December 18th. Credit Suisse Group lowered their price objective on Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 19th. BidaskClub raised Netflix from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. SunTrust Banks reissued a “buy” rating and set a $355.00 price objective (down previously from $410.00) on shares of Netflix in a research note on Wednesday, January 2nd. Finally, Goldman Sachs Group reissued a “conviction-buy” rating and set a $400.00 price objective on shares of Netflix in a research note on Friday, January 4th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $375.71.
In related news, CEO Reed Hastings sold 67,907 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the sale, the chief executive officer now owns 67,907 shares in the company, valued at approximately $22,285,040.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne M. Sweeney sold 7,607 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $360.00, for a total value of $2,738,520.00. Following the completion of the sale, the director now owns 444 shares in the company, valued at approximately $159,840. The disclosure for this sale can be found here. Insiders sold a total of 186,950 shares of company stock worth $65,620,477 in the last quarter. Company insiders own 4.29% of the company’s stock.
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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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