Capital Investment Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088 shares of the Internet television network’s stock after buying an additional 120 shares during the quarter. Capital Investment Advisors LLC’s holdings in Netflix were worth $291,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NFLX. Contravisory Investment Management Inc. boosted its stake in Netflix by 85.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 137 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 63 shares in the last quarter. Bristlecone Advisors LLC lifted its position in shares of Netflix by 4.2% during the 4th quarter. Bristlecone Advisors LLC now owns 1,748 shares of the Internet television network’s stock valued at $468,000 after acquiring an additional 70 shares during the last quarter. Great Lakes Advisors LLC lifted its position in shares of Netflix by 0.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 24,044 shares of the Internet television network’s stock valued at $8,996,000 after acquiring an additional 75 shares during the last quarter. RPG Investment Advisory LLC lifted its position in shares of Netflix by 0.3% during the 4th quarter. RPG Investment Advisory LLC now owns 31,482 shares of the Internet television network’s stock valued at $8,426,000 after acquiring an additional 94 shares during the last quarter. Finally, Trilogy Capital Inc. lifted its position in shares of Netflix by 7.1% during the 4th quarter. Trilogy Capital Inc. now owns 1,411 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 94 shares during the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.
NASDAQ NFLX opened at $339.10 on Friday. Netflix, Inc. has a 1-year low of $218.50 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $154.02 billion, a PE ratio of 126.53, a P/E/G ratio of 2.89 and a beta of 1.12.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 26.86%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Netflix’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 4.07 EPS for the current year.
A number of equities research analysts have recently commented on NFLX shares. Loop Capital increased their price objective on Netflix from $365.00 to $385.00 in a research report on Wednesday, October 17th. Goldman Sachs Group cut their price objective on Netflix from $470.00 to $430.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Credit Suisse Group reiterated a “buy” rating and set a $470.00 price objective on shares of Netflix in a research report on Monday, October 1st. Macquarie set a $388.00 price objective on Netflix and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $415.00 price objective on shares of Netflix in a research report on Friday, October 12th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $372.69.
In other Netflix news, Director Anne M. Sweeney sold 2,569 shares of the stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total transaction of $899,150.00. Following the transaction, the director now directly owns 539 shares of the company’s stock, valued at $188,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 63,147 shares of the stock in a transaction on Monday, December 24th. The stock was sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the transaction, the chief executive officer now directly owns 63,147 shares in the company, valued at $15,226,004.64. The disclosure for this sale can be found here. Insiders have sold 269,351 shares of company stock worth $77,728,798 over the last three months. 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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