Stephens Inc. AR Has $1.10 Million Position in Netflix, Inc. (NFLX)
Stephens Inc. AR increased its position in Netflix, Inc. (NASDAQ:NFLX) by 12.4% during the first quarter, Holdings Channel reports. The fund owned 7,427 shares of the Internet television network’s stock after buying an additional 821 shares during the period. Stephens Inc. AR’s holdings in Netflix were worth $1,098,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of NFLX. Dimensional Fund Advisors LP boosted its stake in shares of Netflix by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 507,261 shares of the Internet television network’s stock worth $62,804,000 after buying an additional 19,154 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Netflix during the fourth quarter worth approximately $6,318,000. Asset Management One Co. Ltd. boosted its stake in shares of Netflix by 1,444.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 725,273 shares of the Internet television network’s stock worth $89,874,000 after buying an additional 678,321 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $255,000. Finally, Brown Advisory Inc. boosted its stake in shares of Netflix by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 7,252 shares of the Internet television network’s stock worth $898,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.
Shares of Netflix, Inc. (NFLX) traded down 0.447% during mid-day trading on Tuesday, reaching $152.715. The company’s stock had a trading volume of 1,736,586 shares. The stock has a market capitalization of $65.82 billion, a price-to-earnings ratio of 197.561 and a beta of 0.96. Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $166.87. The company’s 50-day moving average is $158.47 and its 200-day moving average is $143.36.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post $1.04 EPS for the current year.
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NFLX has been the subject of a number of analyst reports. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, February 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Netflix in a research report on Tuesday, February 28th. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $137.92 price target for the company. in a research report on Monday, March 13th. Wedbush restated a “sell” rating and issued a $68.00 price target on shares of Netflix in a research report on Tuesday, March 14th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $95.00 price target on shares of Netflix in a research report on Tuesday, March 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $148.79.
In other news, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $146.87, for a total transaction of $1,468,700.00. Following the completion of the sale, the insider now owns 460,013 shares in the company, valued at $67,562,109.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,180,888.68. The disclosure for this sale can be found here. Insiders have sold 314,881 shares of company stock valued at $47,857,636 in the last quarter. Insiders own 4.90% of the company’s stock.
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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