Everence Capital Management Inc. Has $1,261,000 Stake in Netflix, Inc. (NFLX)
Everence Capital Management Inc. maintained its position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The institutional investor owned 8,437 shares of the Internet television network’s stock at the end of the second quarter. Everence Capital Management Inc.’s holdings in Netflix were worth $1,261,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NFLX. Clean Yield Group bought a new stake in Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC bought a new stake in Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. increased its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Netflix during the first quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in 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 worth $114,000 after buying an additional 150 shares in the last quarter. 82.94% of the stock is currently owned by institutional investors.
Netflix, Inc. (NFLX) traded up 0.27% during mid-day trading on Friday, reaching $166.54. 7,385,736 shares of the company’s stock traded hands. Netflix, Inc. has a one year low of $93.26 and a one year high of $191.50. The firm’s 50-day moving average price is $170.82 and its 200 day moving average price is $154.74. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 202.60 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post $1.19 EPS for the current year.
A number of equities research analysts recently commented on the company. UBS AG reiterated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating on shares of Netflix in a report on Thursday, August 10th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $215.00 price target on shares of Netflix in a report on Monday, August 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $175.12.
In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $157.81, for a total value of $315,620.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,264,373.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 115,577 shares of the company’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 transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 389,801 shares of company stock valued at $64,889,201. 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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