Private Capital Management Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 33.3% during the first quarter, Holdings Channel reports. The fund owned 1,000 shares of the Internet television network’s stock after selling 500 shares during the period. Private Capital Management Inc.’s holdings in Netflix were worth $148,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in NFLX. Patriot Financial Group Insurance Agency LLC bought a new stake in Netflix during the fourth quarter worth about $114,000. Intellectus Partners LLC bought a new stake in Netflix during the fourth quarter worth about $117,000. CENTRAL TRUST Co raised its stake in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in Netflix by 38.7% in the first quarter. Duncker Streett & Co. Inc. now owns 1,075 shares of the Internet television network’s stock worth $159,000 after buying an additional 300 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 54.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,417 shares of the Internet television network’s stock worth $175,000 after buying an additional 497 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.
Netflix, Inc. (NASDAQ:NFLX) traded down 0.41% during trading on Friday, reaching $156.60. The company had a trading volume of 5,341,735 shares. Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $158.59. The firm has a market capitalization of $67.49 billion, a P/E ratio of 202.59 and a beta of 1.27. The stock has a 50 day moving average price of $146.75 and a 200 day moving average price of $134.67.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. Analysts predict that Netflix, Inc. will post $1.04 earnings per share for the current year.
NFLX has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their price objective on Netflix to $160.00 in a research note on Thursday, January 19th. BTIG Research restated a “buy” rating and issued a $40.00 target price (down from $170.00) on shares of Netflix in a research note on Tuesday, January 17th. Goldman Sachs Group Inc restated a “buy” rating and issued a $155.00 target price (up from $140.00) on shares of Netflix in a research note on Wednesday, January 18th. Loop Capital restated a “buy” rating and issued a $151.00 target price on shares of Netflix in a research note on Saturday, January 14th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Netflix in a research note on Wednesday, January 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have given a buy rating to the stock. Netflix has an average rating of “Buy” and an average target price of $145.88.
In related news, insider Neil D. Hunt sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $151.91, for a total value of $1,519,100.00. Following the transaction, the insider now directly owns 462,460 shares of the company’s stock, valued at approximately $70,252,298.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel David A. Hyman sold 5,005 shares of the firm’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $144.68, for a total transaction of $724,123.40. Following the completion of the transaction, the general counsel now directly owns 39,214 shares in the company, valued at $5,673,481.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 360,416 shares of company stock worth $51,852,771. Corporate insiders own 4.90% of the company’s stock.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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