SNS Financial Group LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,708 shares of the Internet television network’s stock after selling 160 shares during the quarter. SNS Financial Group LLC’s holdings in Netflix were worth $457,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Viridian Ria LLC grew its position in shares of Netflix by 12.6% in the third quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock valued at $1,532,000 after purchasing an additional 459 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Netflix by 14.1% in the third quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after purchasing an additional 8,700 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of Netflix in the fourth quarter valued at $257,000. Shufro Rose & Co. LLC purchased a new position in Netflix during the third quarter worth about $441,000. Finally, Brown Advisory Inc. grew its position in Netflix by 9.5% during the third quarter. Brown Advisory Inc. now owns 4,850 shares of the Internet television network’s stock worth $1,815,000 after buying an additional 421 shares in the last quarter. Institutional investors own 79.49% of the company’s stock.
NFLX has been the subject of several recent analyst reports. Macquarie set a $410.00 target price on Netflix and gave the stock a “buy” rating in a research report on Monday, October 29th. Barclays reduced their target price on Netflix from $430.00 to $375.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Morgan Stanley restated an “overweight” rating and set a $430.00 target price (down from $475.00) on shares of Netflix in a research report on Friday, January 11th. Sanford C. Bernstein restated a “buy” rating and set a $421.00 target price on shares of Netflix in a research report on Wednesday, January 16th. Finally, SunTrust Banks restated a “buy” rating and set a $355.00 target price (down from $410.00) on shares of Netflix in a research report on Wednesday, January 2nd. Six analysts have rated the stock with a sell rating, eight have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $376.33.
NASDAQ NFLX opened at $347.57 on Monday. Netflix, Inc. has a 1-year low of $231.23 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $151.75 billion, a PE ratio of 129.69, a P/E/G ratio of 2.88 and a beta of 1.38.
Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Netflix’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 4.03 earnings per share for the current year.
In other Netflix news, Director Anne M. Sweeney sold 2,569 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total transaction of $899,150.00. Following the completion of the transaction, the director now owns 539 shares of the company’s stock, valued at approximately $188,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 67,907 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total value of $22,285,040.19. Following the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The disclosure for this sale can be found here. In the last three months, insiders sold 212,303 shares of company stock valued at $59,417,475. 4.29% of the stock is currently owned by corporate insiders.
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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