Clearbridge Investments LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,376 shares of the Internet television network’s stock after selling 210 shares during the quarter. Clearbridge Investments LLC’s holdings in Netflix were worth $264,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Balentine LLC increased its position in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares in the last quarter. James Hambro & Partners acquired a new stake in Netflix during the 4th quarter worth approximately $106,000. Duncker Streett & Co. Inc. increased its position in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Netflix during the 4th quarter worth approximately $149,000. Finally, Goodman Financial Corp acquired a new stake in Netflix during the 4th quarter worth approximately $163,000. 81.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $313.48 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. The stock has a market capitalization of $138,190.88, a price-to-earnings ratio of 250.78, a price-to-earnings-growth ratio of 4.37 and a beta of 0.96. Netflix, Inc. has a one year low of $138.66 and a one year high of $333.98.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. equities research analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $340.00 target price (up previously from $302.00) on shares of Netflix in a research report on Friday, March 9th. Loop Capital assumed coverage on shares of Netflix in a research report on Thursday, March 15th. They set a “hold” rating and a $325.00 target price for the company. Piper Jaffray Companies increased their target price on shares of Netflix to $360.00 and gave the stock an “overweight” rating in a research report on Friday, March 9th. Barclays set a $285.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Wells Fargo set a $285.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $251.28.
In other Netflix news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $321.85, for a total value of $225,295.00. Following the sale, the director now directly owns 7,353 shares in the company, valued at $2,366,563.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory K. Peters sold 9,618 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $325.00, for a total value of $3,125,850.00. The disclosure for this sale can be found here. Insiders sold 471,789 shares of company stock worth $115,928,097 over the last quarter. 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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