Howard Hughes Medical Institute Reduces Holdings in Netflix, Inc. (NFLX)
Howard Hughes Medical Institute reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,935 shares of the Internet television network’s stock after selling 555 shares during the quarter. Howard Hughes Medical Institute’s holdings in Netflix were worth $1,484,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. acquired a new position in Netflix in the 2nd quarter valued at about $101,000. TD Capital Management LLC acquired a new position in Netflix in the 2nd quarter valued at about $105,000. Appropriate Balance Financial Services Inc. grew its position in Netflix by 5.6% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after acquiring an additional 37 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after acquiring an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Netflix in the 1st quarter valued at about $109,000. 81.05% of the stock is owned by institutional investors.
Several equities analysts have weighed in on NFLX shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $141.00 target price on shares of Netflix in a research report on Monday, May 22nd. Loop Capital reaffirmed a “buy” rating and issued a $180.00 target price (up from $172.00) on shares of Netflix in a research report on Tuesday, May 23rd. Piper Jaffray Companies lifted their target price on Netflix from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $165.00 target price on shares of Netflix in a research report on Thursday, May 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $178.70.
In other news, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the transaction, the insider now owns 19,208 shares in the company, valued at $3,407,115.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the transaction, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock worth $59,221,491 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.
Netflix, Inc. (NASDAQ:NFLX) traded down 0.15% during trading on Friday, reaching $182.35. The company had a trading volume of 5,591,743 shares. The firm has a market capitalization of $78.73 billion, a price-to-earnings ratio of 221.84 and a beta of 1.05. The stock has a 50 day moving average price of $175.15 and a 200 day moving average price of $159.15. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.19 earnings per share for the current year.
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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