FDx Advisors Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,766 shares of the Internet television network’s stock, valued at approximately $320,000.
Several other hedge funds also recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the 2nd quarter valued at $101,000. Aviance Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $137,000. Captrust Financial Advisors purchased a new position in shares of Netflix in the 2nd quarter valued at $139,000. Harbour Capital Advisors LLC grew its position in Netflix by 14,840.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after purchasing an additional 20,777 shares during the last quarter. Finally, Perennial Advisors LLC purchased a new position in Netflix during the 2nd quarter worth $142,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.
In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the sale, the director now directly owns 7,930 shares of the company’s stock, valued at approximately $1,426,527.70. The disclosure for this sale can be found here. Insiders have sold 324,285 shares of company stock valued at $62,630,811 in the last ninety days. 4.90% of the stock is currently owned by insiders.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $0.10 during mid-day trading on Thursday, hitting $185.20. The stock had a trading volume of 4,657,359 shares, compared to its average volume of 6,655,096. The firm has a market capitalization of $79,713.40, a PE ratio of 186.07, a price-to-earnings-growth ratio of 5.47 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 12 month low of $121.73 and a 12 month high of $204.38.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company posted $0.12 EPS. The company’s quarterly revenue was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current year.
Several brokerages have recently weighed in on NFLX. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 target price on the stock in a report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of Netflix in a research report on Wednesday, August 16th. Wedbush restated a “hold” rating and set a $190.00 target price (up previously from $180.00) on shares of Netflix in a research report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “hold” rating and set a $165.00 price target (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $209.65.
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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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