Huntleigh Advisors Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,119 shares of the Internet television network’s stock, valued at approximately $1,044,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC lifted its stake in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC lifted its stake in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the period. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Finally, Norges Bank purchased a new stake in Netflix in the fourth quarter worth about $5,019,087,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Netflix
In related news, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Netflix
Netflix Stock Performance
NFLX opened at $1,295.24 on Friday. The firm has a market capitalization of $551.21 billion, a PE ratio of 61.21, a P/E/G ratio of 2.48 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a 50 day moving average of $1,204.00 and a two-hundred day moving average of $1,034.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the company earned $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.
Netflix Profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
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