Private Capital Advisors Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the Internet television network’s stock after selling 52 shares during the quarter. Private Capital Advisors Inc.’s holdings in Netflix were worth $937,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. American National Bank lifted its position in Netflix by 2.5% during the fourth quarter. American National Bank now owns 17,147 shares of the Internet television network’s stock worth $4,590,000 after purchasing an additional 411 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Netflix in the fourth quarter worth about $54,000. New England Research & Management Inc. bought a new position in shares of Netflix in the fourth quarter worth about $257,000. Kessler Investment Group LLC bought a new position in shares of Netflix in the fourth quarter worth about $4,287,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Netflix by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 62,992 shares of the Internet television network’s stock worth $16,859,000 after acquiring an additional 995 shares during the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on NFLX. JPMorgan Chase & Co. dropped their target price on shares of Netflix from $450.00 to $425.00 and set an “overweight” rating for the company in a report on Monday. Wedbush reissued a “sell” rating and issued a $150.00 target price on shares of Netflix in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $430.00 target price (down previously from $475.00) on shares of Netflix in a report on Friday. Raymond James raised shares of Netflix from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $435.00 to $450.00 in a report on Friday. Finally, UBS Group raised shares of Netflix from a “neutral” rating to a “buy” rating in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $365.16.
In other news, CEO Reed Hastings sold 63,147 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the sale, the chief executive officer now owns 63,147 shares of the company’s stock, valued at approximately $15,226,004.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelly Bennett sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total transaction of $4,200,000.00. Following the sale, the insider now directly owns 1,057 shares of the company’s stock, valued at approximately $317,100. The disclosure for this sale can be found here. Insiders have sold a total of 288,664 shares of company stock valued at $84,190,971 in the last three months. Insiders own 4.29% of the company’s stock.
NASDAQ:NFLX traded down $4.20 on Monday, reaching $333.39. 6,560,571 shares of the stock traded hands, compared to its average volume of 15,781,438. The company has a market capitalization of $139.53 billion, a PE ratio of 266.71, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix, Inc. has a 1-year low of $216.00 and a 1-year high of $423.21.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Research analysts predict that Netflix, Inc. will post 2.63 EPS for the current year.
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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