Carret Asset Management LLC Has $2.03 Million Holdings in Netflix, Inc. (NFLX)

Carret Asset Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,205 shares of the Internet television network’s stock after purchasing an additional 1,150 shares during the period. Carret Asset Management LLC’s holdings in Netflix were worth $2,032,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. acquired a new position in Netflix during the 2nd quarter valued at about $101,000. Aviance Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter worth approximately $137,000. Captrust Financial Advisors purchased a new position in shares of Netflix in the 2nd quarter worth approximately $139,000. Grove Bank & Trust boosted its stake in shares of Netflix by 249.6% in the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after buying an additional 684 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its stake in shares of Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co restated an “overweight” rating and issued a $225.00 target price (up previously from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price on the stock in a research note on Thursday, October 19th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $165.00 target price (down previously from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $209.65.

In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $184.30, for a total value of $368,600.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,476,611.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $189.39, for a total transaction of $189,390.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $189,390. The disclosure for this sale can be found here. Insiders have sold a total of 323,935 shares of company stock worth $62,565,812 in the last three months. Insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $185.30 on Thursday. 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 1-year low of $121.73 and a 1-year high of $204.38. The stock has a market cap of $79,713.40, a price-to-earnings ratio of 186.07, a price-to-earnings-growth ratio of 5.47 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm earned $0.12 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. equities research analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

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Netflix Company Profile

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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