Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Cable Hill Partners LLC


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Cable Hill Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 542 shares of the Internet television network’s stock after acquiring an additional 131 shares during the period. Cable Hill Partners LLC’s holdings in Netflix were worth $293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Gryphon Financial Partners LLC grew its holdings in Netflix by 6.3% during the 3rd quarter. Gryphon Financial Partners LLC now owns 2,268 shares of the Internet television network’s stock worth $1,138,000 after acquiring an additional 134 shares in the last quarter. Welch & Forbes LLC raised its position in Netflix by 8.7% in the 3rd quarter. Welch & Forbes LLC now owns 864 shares of the Internet television network’s stock valued at $433,000 after purchasing an additional 69 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in Netflix by 3.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,796 shares of the Internet television network’s stock valued at $899,000 after purchasing an additional 66 shares during the last quarter. Baskin Financial Services Inc. raised its position in Netflix by 4.6% in the 3rd quarter. Baskin Financial Services Inc. now owns 57,131 shares of the Internet television network’s stock valued at $28,567,000 after purchasing an additional 2,504 shares during the last quarter. Finally, Perennial Investment Advisors LLC raised its position in Netflix by 19.3% in the 3rd quarter. Perennial Investment Advisors LLC now owns 4,905 shares of the Internet television network’s stock valued at $2,457,000 after purchasing an additional 794 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

In other news, insider Jessica Neal sold 476 shares of the firm’s stock in a transaction that occurred on Wednesday, January 20th. The shares were sold at an average price of $564.29, for a total transaction of $268,602.04. Following the completion of the sale, the insider now owns 476 shares of the company’s stock, valued at $268,602.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 437,311 shares of the firm’s stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $527.26, for a total transaction of $230,576,597.86. Following the sale, the chief executive officer now directly owns 41,097 shares of the company’s stock, valued at approximately $21,668,804.22. The disclosure for this sale can be found here. Insiders sold 442,339 shares of company stock valued at $233,359,064 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

NASDAQ:NFLX traded down $8.59 during trading hours on Tuesday, hitting $525.19. The stock had a trading volume of 52,109 shares, compared to its average volume of 5,486,381. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.50. Netflix, Inc. has a 1-year low of $290.25 and a 1-year high of $593.29. The business has a 50 day simple moving average of $535.63 and a two-hundred day simple moving average of $511.16. The company has a market cap of $232.60 billion, a PE ratio of 86.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 18th. The Internet television network reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.19). Netflix had a net margin of 11.78% and a return on equity of 31.48%. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business earned $1.30 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 6.27 EPS for the current fiscal year.

A number of brokerages have commented on NFLX. Credit Suisse Group upped their price objective on shares of Netflix from $525.00 to $586.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 20th. TheStreet raised shares of Netflix from a “c+” rating to a “b” rating in a research note on Tuesday, December 22nd. Barclays upped their price target on shares of Netflix from $550.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Monness Crespi & Hardt upped their target price on shares of Netflix from $600.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, January 20th. Finally, Cowen upped their target price on shares of Netflix from $650.00 to $675.00 in a report on Wednesday, January 20th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $580.62.

Netflix Company Profile

Netflix, Inc provides subscription streaming entertainment service. 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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