Netflix, Inc. (NASDAQ:NFLX) Shares Sold by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,558 shares of the Internet television network’s stock after selling 17,575 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Netflix were worth $14,708,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Patten & Patten Inc. TN bought a new position in Netflix during the first quarter worth approximately $303,000. Capital Impact Advisors LLC raised its position in Netflix by 4.8% in the first quarter. Capital Impact Advisors LLC now owns 15,796 shares of the Internet television network’s stock worth $2,335,000 after buying an additional 720 shares in the last quarter. DnB Asset Management AS raised its position in Netflix by 12.2% in the first quarter. DnB Asset Management AS now owns 45,360 shares of the Internet television network’s stock worth $6,705,000 after buying an additional 4,935 shares in the last quarter. SFE Investment Counsel bought a new position in Netflix during the first quarter worth approximately $207,000. Finally, Vicus Capital bought a new position in Netflix during the first quarter worth approximately $208,000. Institutional investors and hedge funds own 82.78% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at 171.40 on Friday. The firm’s 50-day moving average is $168.76 and its 200 day moving average is $153.74. Netflix, Inc. has a 52-week low of $93.26 and a 52-week high of $191.50. The company has a market capitalization of $74.00 billion, a price-to-earnings ratio of 208.52 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for 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%. Netflix’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current year.
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A number of research firms recently commented on NFLX. MKM Partners raised their price objective on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BTIG Research raised their target price on shares of Netflix from $170.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Moffett Nathanson restated a “neutral” rating on shares of Netflix in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Vetr upgraded shares of Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 target price for the company in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $175.13.
In related news, insider Gregory K. Peters sold 6,853 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now directly owns 19,943 shares of the company’s stock, valued at approximately $3,276,435.47. 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 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,413,396.92. The disclosure for this sale can be found here. Insiders have sold a total of 389,801 shares of company stock worth $64,889,201 over the last ninety days. 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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