Netflix, Inc. (NFLX) Holdings Increased by TRUE Private Wealth Advisors
TRUE Private Wealth Advisors boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 240.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,980 shares of the Internet television network’s stock after buying an additional 3,519 shares during the period. TRUE Private Wealth Advisors’ holdings in Netflix were worth $955,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Balentine LLC raised its holdings in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Aviance Capital Management LLC acquired a new stake in Netflix during the 2nd quarter worth about $137,000. Steward Partners Investment Advisory LLC purchased a new position in Netflix during the 3rd quarter valued at about $171,000. Grove Bank & Trust grew its stake in Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after acquiring an additional 684 shares in the last quarter. Finally, Harfst & Associates Inc. grew its stake in Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.
In other news, CEO Reed Hastings sold 83,335 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the transaction, the chief executive officer now directly owns 83,335 shares in the company, valued at $16,066,154.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 2,373 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $220.99, for a total value of $524,409.27. Following the transaction, the director now owns 35,994 shares of the company’s stock, valued at $7,954,314.06. The disclosure for this sale can be found here. Insiders have sold 341,551 shares of company stock valued at $66,457,350 in the last ninety days. Company insiders own 4.90% of the company’s stock.
Several research firms have weighed in on NFLX. Stifel Nicolaus lifted their target price on Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $225.00 target price (up previously from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price on the stock in a research note on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Loop Capital lifted their target price on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $212.19.
Shares of Netflix, Inc. (NFLX) traded up $0.13 during trading on Friday, reaching $220.46. The company’s stock had a trading volume of 10,538,486 shares, compared to its average volume of 6,560,000. The company has a market capitalization of $95,400.00, a PE ratio of 222.69, a P/E/G ratio of 3.54 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 52-week low of $137.03 and a 52-week high of $226.07.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. analysts expect that Netflix, Inc. will post 1.25 EPS for the current year.
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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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