Greenleaf Trust lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.1% during the 1st quarter, HoldingsChannel reports. The fund owned 4,545 shares of the Internet television network’s stock after buying an additional 940 shares during the period. Greenleaf Trust’s holdings in Netflix were worth $1,621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Netflix by 59.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Clarfeld Financial Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $27,000. Pearl River Capital LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $30,000. NuWave Investment Management LLC raised its position in shares of Netflix by 338.5% during the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 88 shares in the last quarter. Finally, Citizens Financial Group Inc RI raised its position in shares of Netflix by 750.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 120 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:NFLX opened at $359.73 on Thursday. The company has a market capitalization of $154.89 billion, a PE ratio of 134.23, a P/E/G ratio of 3.54 and a beta of 1.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities analysts predict that Netflix, Inc. will post 3.33 earnings per share for the current year.
NFLX has been the topic of several research analyst reports. Rosenblatt Securities reaffirmed a “hold” rating on shares of Netflix in a research report on Wednesday, April 17th. UBS Group cut their price target on Netflix from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. SunTrust Banks reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, April 12th. Barclays reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Finally, ValuEngine lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus price target of $385.03.
In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the sale, the director now directly owns 609 shares in the company, valued at $225,330. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 52,458 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total value of $19,265,200.50. Following the sale, the chief executive officer now owns 52,458 shares in the company, valued at $19,265,200.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,487 shares of company stock worth $61,025,502. Company insiders own 4.29% of the company’s stock.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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