Atlantic Trust Group LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,195 shares of the Internet television network’s stock, valued at approximately $4,025,000.
A number of other institutional investors have also bought and sold shares of NFLX. Balentine LLC increased its position in shares of Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of Netflix during the second quarter valued at about $101,000. Aviance Capital Management LLC purchased a new position in shares of Netflix during the second quarter valued at about $137,000. Captrust Financial Advisors purchased a new position in shares of Netflix during the second quarter valued at about $139,000. Finally, Harfst & Associates Inc. increased its position in shares of Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after buying an additional 273 shares during the period. 83.27% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jonathan Friedland sold 3,180 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $211.64, for a total transaction of $673,015.20. Following the completion of the transaction, the insider now directly owns 1,032 shares of the company’s stock, valued at $218,412.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 83,335 shares of Netflix stock in a transaction 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 of the company’s stock, valued at $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold 340,107 shares of company stock valued at $66,056,576 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.
NFLX has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Sunday, September 17th. Jefferies Group set a $165.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a report on Monday, September 18th. Sanford C. Bernstein set a $203.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Monday, September 18th. Piper Jaffray Companies restated a “buy” rating and issued a $215.00 price objective on shares of Netflix in a report on Monday, September 18th. Finally, Vetr cut shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price objective on the stock. in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $211.77.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $217.24 on Friday. The company has a market cap of $94,010.00, a price-to-earnings ratio of 219.43, a PEG ratio of 3.41 and a beta of 1.34. Netflix, Inc. has a 52-week low of $128.50 and a 52-week high of $217.75. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current fiscal 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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