Bp Plc Maintains Position in Netflix, Inc. (NASDAQ:NFLX)
Bp Plc continued to hold its stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 51,000 shares of the Internet television network’s stock at the end of the second quarter. Bp Plc’s holdings in Netflix were worth $7,618,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Highbridge Capital Management LLC raised its position in Netflix by 1,108.0% in the fourth quarter. Highbridge Capital Management LLC now owns 3,624 shares of the Internet television network’s stock worth $448,000 after buying an additional 3,324 shares during the period. CENTRAL TRUST Co raised its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the period. Raymond James Trust N.A. raised its position in Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock worth $414,000 after buying an additional 1,017 shares during the period. Sheets Smith Wealth Management bought a new position in Netflix during the first quarter worth $471,000. Finally, Gulf International Bank UK Ltd raised its position in Netflix by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 133,527 shares of the Internet television network’s stock worth $19,736,000 after buying an additional 1,650 shares during the period. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
Netflix, Inc. (NASDAQ:NFLX) opened at 181.33 on Tuesday. The company has a 50-day moving average price of $163.28 and a 200 day moving average price of $151.74. The stock has a market capitalization of $78.29 billion, a P/E ratio of 220.60 and a beta of 1.02. Netflix, Inc. has a 1-year low of $91.82 and a 1-year high of $191.50.
Netflix (NASDAQ:NFLX) last announced 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. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post $1.17 EPS for the current year.
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A number of research firms have weighed in on NFLX. MKM Partners boosted their price objective on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. BTIG Research boosted their price objective on Netflix from $170.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Moffett Nathanson reissued a “neutral” rating on shares of Netflix in a research note on Tuesday, July 18th. Zacks Investment Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Vetr raised Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 price objective on the stock in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $174.36.
In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $159.08, for a total transaction of $318,160.00. Following the sale, the director now owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 398,801 shares of company stock worth $66,269,371. 4.90% of the stock is owned by corporate insiders.
Netflix Company Profile
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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