Netflix, Inc. (NFLX) Shares Bought by GFS Advisors LLC
GFS Advisors LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 326.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,123 shares of the Internet television network’s stock after buying an additional 4,687 shares during the period. GFS Advisors LLC’s holdings in Netflix were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. HPM Partners LLC raised its position in Netflix by 30.2% during the second quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock worth $1,525,000 after acquiring an additional 904 shares during the last quarter. Morgan Stanley raised its position in Netflix by 1.6% during the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock worth $925,600,000 after acquiring an additional 37,425 shares during the last quarter. Viridian Ria LLC raised its position in Netflix by 12.6% during the third quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock worth $1,532,000 after acquiring an additional 459 shares during the last quarter. Private Capital Group LLC raised its position in Netflix by 33.1% during the second quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock worth $291,000 after acquiring an additional 185 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in shares of Netflix by 14.1% in the third quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after buying an additional 8,700 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the stock. Credit Suisse Group reissued a “buy” rating and set a $470.00 price objective on shares of Netflix in a research note on Monday, October 1st. Goldman Sachs Group set a $470.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Macquarie set a $388.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, September 26th. Sanford C. Bernstein reissued a “buy” rating and set a $465.00 price target on shares of Netflix in a research note on Wednesday, October 17th. Finally, Nomura reissued a “neutral” rating and set a $370.00 price target on shares of Netflix in a research note on Wednesday, October 17th. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company. Netflix has an average rating of “Buy” and an average target price of $372.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. On average, equities analysts forecast that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.
In other news, CEO Reed Hastings sold 78,092 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $266.87, for a total value of $20,840,412.04. Following the transaction, the chief executive officer now directly owns 78,092 shares in the company, valued at approximately $20,840,412.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kelly Bennett sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total value of $4,200,000.00. Following the completion of the transaction, the insider now owns 1,057 shares in the company, valued at $317,100. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 331,450 shares of company stock worth $107,898,595. Company insiders own 4.29% of the company’s stock.
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Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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