Schroder Investment Management Group Has $2,595,000 Position in Netflix Inc. (NFLX)
Schroder Investment Management Group reduced its position in shares of Netflix Inc. (NASDAQ:NFLX) by 30.3% during the second quarter, Holdings Channel reports. The institutional investor owned 28,362 shares of the Internet television network’s stock after selling 12,335 shares during the period. Schroder Investment Management Group’s holdings in Netflix were worth $2,595,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its position in shares of Netflix by 2.6% in the second quarter. Oppenheimer & Co. Inc. now owns 66,538 shares of the Internet television network’s stock worth $6,087,000 after buying an additional 1,717 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Netflix by 102.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,138 shares of the Internet television network’s stock valued at $744,000 after buying an additional 4,120 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in shares of Netflix during the second quarter valued at $202,000. Norinchukin Bank The increased its position in shares of Netflix by 2.3% in the second quarter. Norinchukin Bank The now owns 22,466 shares of the Internet television network’s stock valued at $2,055,000 after buying an additional 498 shares during the period. Finally, Wealthsource Partners LLC increased its position in shares of Netflix by 8.4% in the second quarter. Wealthsource Partners LLC now owns 2,608 shares of the Internet television network’s stock valued at $239,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 78.43% of the company’s stock.
Netflix Inc. (NASDAQ:NFLX) traded up 0.5525% during midday trading on Thursday, hitting $95.4042. 7,891,778 shares of the stock were exchanged. Netflix Inc. has a 52 week low of $79.95 and a 52 week high of $133.27. The firm’s 50-day moving average is $96.62 and its 200 day moving average is $96.19. The stock has a market cap of $40.90 billion, a price-to-earnings ratio of 298.1381 and a beta of 1.71.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. Netflix’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities research analysts expect that Netflix Inc. will post $0.29 EPS for the current fiscal year.
Several brokerages recently weighed in on NFLX. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $102.90 target price on the stock in a research note on Tuesday. RBC Capital Markets restated a “buy” rating on shares of Netflix in a research note on Thursday, September 15th. FBR & Co restated a “market perform” rating and set a $90.00 target price on shares of Netflix in a research note on Thursday, September 15th. Macquarie downgraded Netflix from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $133.27 to $85.00 in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Netflix in a research note on Friday, September 9th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. Netflix currently has an average rating of “Hold” and an average price target of $110.46.
In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the sale, the chief executive officer now owns 116,431 shares in the company, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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