Aviance Capital Partners LLC Invests $209,000 in Netflix, Inc. (NFLX)
Aviance Capital Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,152 shares of the Internet television network’s stock, valued at approximately $209,000.
Several other institutional investors have also made changes to their positions in the stock. Almanack Investment Partners LLC. bought a new position in Netflix in the second quarter worth $101,000. Appropriate Balance Financial Services Inc. raised its holdings 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 purchasing an additional 37 shares in the last quarter. Aviance Capital Management LLC bought a new position in Netflix in the second quarter worth $137,000. Captrust Financial Advisors bought a new position in Netflix in the second quarter worth $139,000. Finally, Perennial Advisors LLC bought a new position in Netflix in the second quarter worth $142,000. Institutional investors own 80.32% of the company’s stock.
In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 83,335 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the sale, the chief executive officer now directly owns 83,335 shares in the company, valued at $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold 326,935 shares of company stock worth $63,034,672 over the last ninety days. 4.90% of the stock is currently owned by insiders.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $196.32 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 12-month low of $113.95 and a 12-month high of $204.38. The company has a market capitalization of $84,953.77, a price-to-earnings ratio of 198.30, a P/E/G ratio of 5.83 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. research analysts predict that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. B. Riley reiterated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Jefferies Group LLC reiterated a “hold” rating and issued 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. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. set a $175.00 price objective on Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have assigned a buy rating to the company. Netflix presently has an average rating of “Buy” and an average price target of $207.20.
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.
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.