Teacher Retirement System of Texas increased its position in Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,691 shares of the Internet television network’s stock after buying an additional 919 shares during the quarter. Teacher Retirement System of Texas’ holdings in Netflix were worth $16,292,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in NFLX. Parkside Financial Bank & Trust raised its holdings in Netflix by 5.4% in the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after acquiring an additional 27 shares in the last quarter. Investment House LLC raised its holdings in shares of Netflix by 3.1% during the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock worth $340,000 after purchasing an additional 29 shares during the period. Gemmer Asset Management LLC raised its holdings in shares of Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock worth $73,000 after purchasing an additional 30 shares during the period. Argent Trust Co raised its holdings in shares of Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock worth $200,000 after purchasing an additional 30 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in shares of Netflix by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock worth $214,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 76.08% of the company’s stock.
A number of brokerages have weighed in on NFLX. SunTrust Banks reissued a “buy” rating and set a $402.00 target price on shares of Netflix in a report on Wednesday, March 27th. UBS Group began coverage on shares of Netflix in a report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 target price on the stock. Buckingham Research dropped their target price on shares of Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Rosenblatt Securities reissued a “hold” rating on shares of Netflix in a report on Wednesday, April 17th. Finally, Wedbush increased their target price on shares of Netflix from $165.00 to $183.00 and gave the stock an “underperform” rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average price target of $385.03.
NFLX traded down $1.70 on Friday, reaching $357.61. The company had a trading volume of 2,003,981 shares, compared to its average volume of 6,345,962. The firm has a market capitalization of $155.21 billion, a PE ratio of 133.44, a P/E/G ratio of 3.53 and a beta of 1.33. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $231.23 and a one year high of $423.21.
Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. Netflix’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, equities analysts expect that Netflix, Inc. will post 3.35 EPS for the current year.
In related news, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the completion of the transaction, the director now owns 609 shares in the company, valued at approximately $225,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 54,418 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $362.00, for a total transaction of $19,699,316.00. The disclosure for this sale can be found here. Insiders sold a total of 165,491 shares of company stock valued at $60,694,221 in the last quarter. 4.29% of the stock is currently owned by insiders.
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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