Atria Investments LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,766 shares of the Internet television network’s stock after buying an additional 751 shares during the quarter. Atria Investments LLC’s holdings in Netflix were worth $915,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Netflix by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after purchasing an additional 172,229 shares during the last quarter. Tybourne Capital Management HK Ltd. grew its holdings in Netflix by 3.6% in the second quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after purchasing an additional 84,341 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the last quarter. Legal & General Group Plc grew its holdings in Netflix by 3.3% in the third quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after purchasing an additional 58,691 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Netflix by 1.0% in the third quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock worth $288,133,000 after purchasing an additional 16,300 shares during the last quarter. 82.38% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on NFLX. MKM Partners boosted their price objective on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. Bank of America boosted their price objective on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average target price of $237.39.
Shares of Netflix, Inc. (NASDAQ NFLX) traded up $8.48 during trading on Monday, reaching $257.95. 8,525,812 shares of the company’s stock traded hands, compared to its average volume of 11,070,000. Netflix, Inc. has a 52 week low of $138.26 and a 52 week high of $286.81. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $111,940.00, a P/E ratio of 206.36, a P/E/G ratio of 3.48 and a beta of 1.04.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm posted $0.15 EPS. Netflix’s revenue for the quarter was up 32.6% on a year-over-year basis. sell-side analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current year.
In other news, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total value of $14,766,438.75. Following the sale, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. Insiders have sold a total of 459,885 shares of company stock worth $105,163,627 over the last three months. 4.90% of the stock is currently owned by insiders.
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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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