Advisor Partners LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,194 shares of the Internet television network’s stock after buying an additional 796 shares during the period. Advisor Partners LLC’s holdings in Netflix were worth $709,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in Netflix by 7.6% in the third quarter. Aperio Group LLC now owns 161,371 shares of the Internet television network’s stock worth $15,903,000 after buying an additional 11,377 shares in the last quarter. Arizona State Retirement System boosted its stake in Netflix by 0.5% in the third quarter. Arizona State Retirement System now owns 105,600 shares of the Internet television network’s stock worth $10,407,000 after buying an additional 500 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Netflix during the third quarter worth $5,390,000. First Trust Advisors LP boosted its stake in Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock worth $193,030,000 after buying an additional 117,557 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its stake in Netflix by 4.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 8,540 shares of the Internet television network’s stock worth $842,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 80.55% of the company’s stock.
Netflix, Inc. (NASDAQ:NFLX) traded up 1.27% on Friday, reaching $140.72. 2,464,717 shares of the company’s stock traded hands. The firm’s 50-day moving average is $128.99 and its 200 day moving average is $110.35. Netflix, Inc. has a 52-week low of $79.95 and a 52-week high of $143.46. The stock has a market capitalization of $60.47 billion, a PE ratio of 327.26 and a beta of 1.67.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. Analysts forecast that Netflix, Inc. will post $1.11 EPS for the current year.
NFLX has been the topic of a number of analyst reports. Wedbush restated an “underperform” rating and issued a $60.00 price target on shares of Netflix in a research note on Tuesday, January 10th. Jefferies Group LLC raised their price target on Netflix from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Thursday, January 19th. Evercore ISI restated a “sell” rating and issued a $101.00 price target (up from $77.00) on shares of Netflix in a research note on Friday, October 21st. Cantor Fitzgerald restated a “buy” rating and issued a $135.00 price target on shares of Netflix in a research note on Thursday, October 27th. Finally, Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $124.54 price target on the stock in a research note on Thursday, November 10th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Netflix presently has a consensus rating of “Hold” and a consensus price target of $129.82.
In other Netflix news, Director Timothy M. Haley sold 23,728 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $126.14, for a total value of $2,993,049.92. Following the sale, the director now directly owns 9,576 shares in the company, valued at approximately $1,207,916.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David B. Wells sold 500 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $122.83, for a total transaction of $61,415.00. Following the completion of the sale, the chief financial officer now owns 500 shares in the company, valued at $61,415. The disclosure for this sale can be found here. Insiders sold a total of 307,891 shares of company stock worth $39,000,572 over the last 90 days. Company insiders own 4.90% of the company’s stock.
Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.
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