Lincoln National Corp decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 45.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,152 shares of the Internet television network’s stock after selling 3,506 shares during the quarter. Lincoln National Corp’s holdings in Netflix were worth $1,226,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Netflix by 4.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after purchasing an additional 1,801 shares during the period. Navellier & Associates Inc lifted its position in Netflix by 8.4% during the 4th quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock worth $766,000 after acquiring an additional 309 shares in the last quarter. Assetmark Inc. lifted its position in Netflix by 1,148.5% during the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock worth $2,763,000 after acquiring an additional 13,242 shares in the last quarter. Maryland Capital Management acquired a new position in Netflix during the 4th quarter worth approximately $249,000. Finally, Pittenger & Anderson Inc. lifted its position in Netflix by 14.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock worth $2,396,000 after acquiring an additional 1,565 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.
Several equities analysts recently commented on the company. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $266.74 price target on the stock. in a research report on Thursday, February 22nd. Raymond James upped their target price on Netflix from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $266.00 target price (up from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. Barclays set a $285.00 target price on Netflix and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Citigroup reaffirmed a “hold” rating and issued a $250.00 target price on shares of Netflix in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $296.12.
Shares of Netflix opened at $324.18 on Monday, MarketBeat.com reports. The stock has a market capitalization of $140.92 billion, a P/E ratio of 217.57, a price-to-earnings-growth ratio of 4.20 and a beta of 0.97. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.30. Netflix, Inc. has a 1 year low of $144.25 and a 1 year high of $338.82.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. research analysts forecast that Netflix, Inc. will post 2.9 earnings per share for the current year.
In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total value of $195,825.00. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,068,191.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 63,889 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $282.09, for a total value of $18,022,448.01. Following the completion of the sale, the chief executive officer now directly owns 63,889 shares of the company’s stock, valued at $18,022,448.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,230 shares of company stock valued at $77,215,089. Company insiders own 4.29% of the company’s stock.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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