Ameritas Investment Partners Inc. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,461 shares of the Internet television network’s stock after selling 180 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Netflix were worth $2,609,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new position in shares of Netflix in the second quarter valued at $101,000. TD Capital Management LLC acquired a new position in shares of Netflix in the second quarter valued at $105,000. Appropriate Balance Financial Services Inc. raised its stake in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after purchasing an additional 37 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new position in shares of Netflix in the first quarter valued at $109,000. Institutional investors and hedge funds own 81.02% of the company’s stock.
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A number of brokerages recently commented on NFLX. Raymond James Financial, Inc. restated an “outperform” rating and issued a $205.00 target price (up from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Stifel Nicolaus upped their target price on Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Netflix in a research note on Thursday, July 13th. Vetr upgraded Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price for the company in a research note on Tuesday, September 19th. Finally, MKM Partners upped their target price on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $188.82.
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Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.5928% during midday trading on Thursday, reaching $196.1057. The company had a trading volume of 4,742,188 shares. Netflix, Inc. has a 12-month low of $97.63 and a 12-month high of $199.40. The stock has a market capitalization of $84.67 billion, a PE ratio of 238.5714 and a beta of 1.09. The stock’s 50 day moving average is $181.19 and its 200-day moving average is $164.97.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.18 earnings per share for the current fiscal year.
In other news, insider Jonathan Friedland sold 3,622 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is owned by company insiders.
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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