Netflix, Inc. (NFLX) Shares Bought by Rational Advisors LLC
Rational Advisors LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 33.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,999 shares of the Internet television network’s stock after buying an additional 1,749 shares during the quarter. Rational Advisors LLC’s holdings in Netflix were worth $1,344,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Netflix by 103.9% in the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after purchasing an additional 675,267 shares in the last quarter. Truepoint Inc. increased its stake in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after purchasing an additional 400,197 shares in the last quarter. AGF Investments Inc. purchased a new position in shares of Netflix in the third quarter worth about $60,036,000. American Century Companies Inc. increased its stake in shares of Netflix by 26.9% in the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock worth $258,815,000 after purchasing an additional 302,857 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Netflix in the fourth quarter worth about $45,695,000. Institutional investors and hedge funds own 82.38% of the company’s stock.
Several equities analysts have recently weighed in on NFLX shares. Aegis started coverage on shares of Netflix in a research note on Monday, October 16th. They issued a “hold” rating and a $200.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of Netflix in a research note on Monday, October 16th. Jefferies Group set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, FBR & Co reiterated a “buy” rating and issued a $207.00 target price (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $237.49.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business posted $0.15 earnings per share. Netflix’s revenue for the quarter was up 32.6% on a year-over-year basis. equities research analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current year.
In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $193.30, for a total transaction of $193,300.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $193,300. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $1,436,385.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 459,885 shares of company stock valued at $105,163,627. 4.90% of the stock is currently owned by company insiders.
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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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