Glenmede Trust Co. NA boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,669 shares of the Internet television network’s stock after buying an additional 1,936 shares during the quarter. Glenmede Trust Co. NA’s holdings in Netflix were worth $6,846,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NFLX. Balentine LLC boosted its stake in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. James Hambro & Partners acquired a new stake in Netflix in the 4th quarter valued at $106,000. Duncker Streett & Co. Inc. boosted its stake in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at $149,000. Finally, Goodman Financial Corp acquired a new stake in Netflix in the 4th quarter valued at $163,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.
In other Netflix news, Director A George Battle sold 10,716 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the completion of the sale, the director now directly owns 2,575 shares in the company, valued at $665,611.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $189.78, for a total value of $189,780.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $189,780. The disclosure for this sale can be found here. Insiders sold 455,899 shares of company stock valued at $122,643,080 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.
Several brokerages recently commented on NFLX. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $266.74 price target on the stock. in a research note on Thursday, February 22nd. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $266.00 price target (up previously from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Loop Capital boosted their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $251.00 price target (up previously from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $251.96.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $306.70 on Friday. Netflix, Inc. has a fifty-two week low of $138.66 and a fifty-two week high of $333.98. The stock has a market capitalization of $137,336.00, a PE ratio of 245.36, a price-to-earnings-growth ratio of 4.34 and a beta of 0.96. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. sell-side analysts predict that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
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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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