Zweig DiMenna Associates LLC Has $25.31 Million Holdings in Netflix (NFLX)

Zweig DiMenna Associates LLC lowered its position in shares of Netflix (NASDAQ:NFLX) by 7.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 85,680 shares of the Internet television network’s stock after selling 6,474 shares during the quarter. Netflix accounts for about 2.2% of Zweig DiMenna Associates LLC’s holdings, making the stock its 12th biggest holding. Zweig DiMenna Associates LLC’s holdings in Netflix were worth $25,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its holdings in Netflix by 4.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after purchasing an additional 1,801 shares in the last quarter. Navellier & Associates Inc raised its holdings in Netflix by 8.4% in the 4th quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock worth $766,000 after purchasing an additional 309 shares in the last quarter. Assetmark Inc. raised its holdings in Netflix by 1,148.5% in the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock worth $2,763,000 after purchasing an additional 13,242 shares in the last quarter. Maryland Capital Management bought a new position in Netflix in the 4th quarter worth $249,000. Finally, Pittenger & Anderson Inc. raised its holdings in Netflix by 14.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock worth $2,396,000 after purchasing an additional 1,565 shares in the last quarter. 81.40% of the stock is owned by institutional investors and hedge funds.

Netflix opened at $327.89 on Monday, according to MarketBeat. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $141.91 billion, a P/E ratio of 261.17, a price-to-earnings-growth ratio of 4.23 and a beta of 0.97. Netflix has a 12-month low of $327.89 and a 12-month high of $327.89.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. equities research analysts predict that Netflix will post 2.9 earnings per share for the current year.

Several brokerages have commented on NFLX. Cowen restated a “buy” rating and issued a $325.00 price objective (up from $275.00) on shares of Netflix in a report on Wednesday, April 11th. Credit Suisse Group restated a “neutral” rating and issued a $266.00 price objective (up from $224.00) on shares of Netflix in a report on Tuesday, January 23rd. William Blair restated an “outperform” rating on shares of Netflix in a report on Tuesday, January 23rd. Piper Jaffray upped their price objective on shares of Netflix to $360.00 and gave the stock an “overweight” rating in a report on Friday, March 9th. Finally, Wedbush set a $110.00 price objective on shares of Netflix and gave the stock a “sell” rating in a report on Thursday, April 12th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $296.12.

In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $279.75, for a total value of $195,825.00. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,068,191.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gregory K. Peters sold 8,274 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $300.00, for a total transaction of $2,482,200.00. Following the completion of the transaction, the insider now directly owns 21,364 shares in the company, valued at approximately $6,409,200. The disclosure for this sale can be found here. In the last three months, insiders sold 258,946 shares of company stock worth $79,657,817. 4.29% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply