Turner Investments LLC Has $421,000 Position in Netflix, Inc. (NFLX)
Turner Investments LLC held its stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,820 shares of the Internet television network’s stock at the end of the second quarter. Turner Investments LLC’s holdings in Netflix were worth $421,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Clean Yield Group bought a new stake in Netflix during the first quarter worth $103,000. TD Capital Management LLC bought a new stake in Netflix during the second quarter worth $105,000. Appropriate Balance Financial Services Inc. raised its stake in Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. raised 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. Finally, Harfst & Associates Inc. bought a new stake in Netflix during the first quarter worth $109,000. Institutional investors own 82.94% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at 166.54 on Monday. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50. The firm has a market cap of $71.90 billion, a P/E ratio of 202.60 and a beta of 1.02. The company has a 50-day moving average of $170.82 and a 200 day moving average of $154.74.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business posted $0.09 EPS. The business’s revenue was up 32.3% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.
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A number of analysts have weighed in on the company. UBS AG restated a “buy” rating and set a $175.00 target price on shares of Netflix in a report on Monday, May 15th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $165.00 price objective (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reiterated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $215.00 price objective on shares of Netflix in a report on Monday, August 14th. Two investment 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 company. Netflix presently has a consensus rating of “Buy” and a consensus target price of $175.12.
In other news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total value of $181,370.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,453,136.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were 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 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 sold 287,986 shares of company stock worth $48,891,010. Insiders own 4.90% of the company’s stock.
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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