HBK Sorce Advisory LLC grew its position in Netflix (NASDAQ:NFLX) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,233 shares of the Internet television network’s stock after purchasing an additional 1,081 shares during the period. HBK Sorce Advisory LLC’s holdings in Netflix were worth $1,964,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Ark Investment Management LLC grew its position in shares of Netflix by 37.4% in the second 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. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Netflix by 7.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock valued at $17,439,000 after buying an additional 7,006 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Netflix in the third quarter valued at approximately $601,000. FDx Advisors Inc. bought a new stake in Netflix during the third quarter worth $320,000. Finally, New York State Common Retirement Fund lifted its stake in Netflix by 3.5% during the third quarter. New York State Common Retirement Fund now owns 1,173,000 shares of the Internet television network’s stock worth $212,724,000 after purchasing an additional 39,700 shares during the last quarter. Institutional investors own 81.62% of the company’s stock.
Shares of NASDAQ:NFLX opened at $288.85 on Friday. Netflix has a 12 month low of $138.66 and a 12 month high of $333.98. 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 cap of $127,567.82, a PE ratio of 231.08, a PEG ratio of 4.03 and a beta of 0.99.
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, meeting the consensus estimate 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 net margin of 4.78% and a return on equity of 17.20%. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. equities analysts anticipate that Netflix will post 2.73 earnings per share for the current year.
In related news, insider Jonathan Friedland sold 3,180 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1,032 shares in the company, valued at $218,412.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $263.00, for a total transaction of $92,050.00. Following the completion of the transaction, the director now owns 7,332 shares in the company, valued at $1,928,316. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,009 shares of company stock worth $121,912,410. Corporate insiders own 4.90% of the company’s stock.
Several equities research analysts have weighed in on the company. Credit Suisse Group restated a “neutral” rating and set a $266.00 target price (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. William Blair restated an “outperform” rating on shares of Netflix in a research note on Tuesday, January 23rd. Piper Jaffray increased their price target on Netflix to $360.00 and gave the company an “overweight” rating in a research note on Friday, March 9th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $292.74 price target for the company in a research note on Tuesday, April 3rd. Finally, Barclays started coverage on Netflix in a research note on Thursday, January 11th. They issued an “overweight” rating and a $245.00 price target for the company. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $257.79.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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