Evermay Wealth Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,055 shares of the Internet television network’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Ark Investment Management LLC lifted its position in Netflix by 37.4% in the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock valued at $9,370,000 after purchasing an additional 17,064 shares during the last quarter. Numeric Investors LLC bought a new stake in Netflix in the 2nd quarter valued at about $433,000. Macquarie Group Ltd. lifted its position in Netflix by 2.2% in the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock valued at $6,015,000 after purchasing an additional 882 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Netflix in the 2nd quarter valued at about $254,000. Finally, WINTON GROUP Ltd bought a new stake in Netflix in the 2nd quarter valued at about $787,000. 82.38% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on NFLX. MKM Partners lifted their price objective on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 29th. BidaskClub upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $266.45 price objective on the stock. in a research report on Tuesday, February 6th. UBS Group set a $290.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Netflix has an average rating of “Buy” and a consensus target price of $237.49.
Shares of Netflix, Inc. (NFLX) opened at $257.95 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a fifty-two week low of $138.26 and a fifty-two week high of $286.81. The company has a market cap of $108,257.12, a P/E ratio of 199.58, a P/E/G ratio of 3.48 and a beta of 1.04.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. analysts predict that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $254.87, for a total value of $178,409.00. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $1,884,253.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Theodore A. Sarandos sold 163,747 shares of Netflix stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the transaction, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Insiders sold a total of 459,885 shares of company stock worth $105,163,627 over the last quarter. Insiders own 4.90% of the company’s stock.
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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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