Raymond James Financial Services Advisors Inc. Acquires 5,925 Shares of Netflix, Inc. (NFLX)

Raymond James Financial Services Advisors Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,087 shares of the Internet television network’s stock after buying an additional 5,925 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Netflix were worth $19,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NFLX. Balentine LLC increased its position in shares of Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Goodman Financial Corp acquired a new position in shares of Netflix during the fourth quarter worth $163,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix during the third quarter worth $171,000. Finally, Grove Bank & Trust increased its position in shares of Netflix by 249.6% during the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares in the last quarter. 82.38% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on NFLX. MKM Partners upped their price target on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $266.45 target price on the stock. in a research report on Tuesday, February 6th. UBS Group set a $290.00 target price on Netflix and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird upped their target price on Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $239.39.

Netflix, Inc. (NASDAQ NFLX) opened at $278.52 on Friday. Netflix, Inc. has a 1 year low of $138.26 and a 1 year high of $286.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $120,863.20, a PE ratio of 222.82, a P/E/G ratio of 3.82 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. analysts forecast that Netflix, Inc. will post 2.73 earnings per share for the current year.

In related news, Director A George Battle sold 10,716 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the completion of the transaction, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the transaction, the director now owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 469,901 shares of company stock valued at $107,797,603. Insiders own 4.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/18/raymond-james-financial-services-advisors-inc-acquires-5925-shares-of-netflix-inc-nflx.html.

Netflix 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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Raymond James Financial Services Advisors Inc. Acquires 5,925 Shares of Netflix, Inc. (NFLX)

Raymond James Financial Services Advisors Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 102,087 shares of the Internet television network’s stock after acquiring an additional 5,925 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Netflix were worth $19,597,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Balentine LLC boosted its position in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. Goodman Financial Corp purchased a new stake in shares of Netflix during the 4th quarter worth $163,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $171,000. Finally, Grove Bank & Trust lifted its position in shares of Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. 82.38% of the stock is owned by institutional investors.

NFLX has been the subject of several recent analyst reports. Loop Capital reaffirmed a “buy” rating and set a $237.00 price objective on shares of Netflix in a research report on Thursday, October 26th. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $211.28 price objective for the company in a research report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $239.39.

In related news, Director Leslie J. Kilgore sold 630 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $279.00, for a total transaction of $175,770.00. Following the sale, the director now owns 35,826 shares of the company’s stock, valued at $9,995,454. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the sale, the insider now directly owns 23,953 shares in the company, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,901 shares of company stock worth $107,797,603. 4.90% of the stock is owned by insiders.

Shares of Netflix, Inc. (NFLX) opened at $278.52 on Friday. The firm has a market cap of $120,863.20, a PE ratio of 222.82, a PEG ratio of 3.82 and a beta of 1.04. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a fifty-two week low of $138.26 and a fifty-two week high of $286.81.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. sell-side analysts expect that Netflix, Inc. will post 2.73 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/18/raymond-james-financial-services-advisors-inc-acquires-5925-shares-of-netflix-inc-nflx.html.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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