Fox Run Management L.L.C. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 152.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,300 shares of the Internet television network’s stock after purchasing an additional 2,600 shares during the period. Fox Run Management L.L.C.’s holdings in Netflix were worth $780,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares during the last quarter. Institutional investors own 80.68% of the company’s stock.
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In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred 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 approximately $1,327,748.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. Insiders have sold 342,372 shares of company stock worth $63,255,427 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $1.88 on Friday, hitting $192.02. The company had a trading volume of 6,622,100 shares, compared to its average volume of 6,742,400. Netflix, Inc. has a one year low of $110.68 and a one year high of $204.38. The stock has a market capitalization of $83,906.56, a P/E ratio of 195.86, a price-to-earnings-growth ratio of 5.70 and a beta of 1.39. 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Netflix’s revenue was up 30.3% on a year-over-year basis. sell-side analysts anticipate that Netflix, Inc. will post 1.28 EPS for the current year.
A number of research firms have commented on NFLX. SunTrust Banks, Inc. set a $175.00 price objective on shares of Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. UBS AG reaffirmed a “buy” rating and issued a $237.00 price objective (up previously from $225.00) on shares of Netflix in a report on Tuesday, October 17th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $205.00 price objective (up previously from $195.00) on shares of Netflix in a report on Tuesday, October 17th. J P Morgan Chase & Co set a $242.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Netflix from $215.00 to $245.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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.
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