Netflix, Inc. (NFLX) Position Held by Lakeview Capital Partners LLC
Lakeview Capital Partners LLC continued to hold its stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,448 shares of the Internet television network’s stock at the end of the second quarter. Lakeview Capital Partners LLC’s holdings in Netflix were worth $216,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of NFLX. Clean Yield Group bought a new stake in shares of Netflix during the first quarter valued at about $103,000. TD Capital Management LLC bought a new stake in shares of Netflix during the second quarter valued at about $105,000. SRS Capital Advisors Inc. increased its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. bought a new stake in shares of Netflix during the first quarter valued at about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 178.36 on Wednesday. The firm has a 50-day moving average of $165.67 and a 200-day moving average of $152.34. The company has a market capitalization of $77.01 billion, a P/E ratio of 216.98 and a beta of 1.02. Netflix, Inc. has a 12 month low of $92.95 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current year.
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Several equities research analysts have issued reports on NFLX shares. Stifel Nicolaus raised their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co raised their price objective on shares of Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, April 18th. Jefferies Group LLC raised their price objective on shares of Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, MKM Partners restated a “buy” rating and set a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $174.74.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $159.08, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the transaction, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The disclosure for this sale can be found here. Insiders sold 388,801 shares of company stock valued at $64,673,171 over the last ninety days. Corporate 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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