Kalos Management Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,621 shares of the Internet television network’s stock after purchasing an additional 12 shares during the period. Kalos Management Inc.’s holdings in Netflix were worth $242,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Netflix during the 2nd quarter worth approximately $1,045,000. Calamos Advisors LLC boosted its position in shares of Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares during the period. Alps Advisors Inc. purchased a new position in shares of Netflix during the 2nd quarter worth approximately $262,000. Guardian Life Insurance Co. of America boosted its position in shares of Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after purchasing an additional 25,266 shares during the period. 81.02% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on NFLX. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Stifel Nicolaus increased their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Netflix in a research report on Thursday, July 13th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price objective for the company in a research report on Tuesday, September 19th. Finally, MKM Partners raised their price target on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $188.82.
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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 3,622 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is owned by corporate insiders.
Netflix, Inc. (NASDAQ:NFLX) traded up 0.44% during mid-day trading on Thursday, reaching $195.81. 4,993,198 shares of the company were exchanged. 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 $84.54 billion, a P/E ratio of 238.21 and a beta of 1.09. The company’s 50 day moving average price is $181.19 and its 200-day moving average price is $164.97.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. On average, equities analysts expect that Netflix, Inc. will post $1.18 earnings per share for the current fiscal year.
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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