Noven Financial Group Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 792 shares of the Internet television network’s stock, valued at approximately $234,000.
A number of other institutional investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in Netflix by 9.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 50,414 shares of the Internet television network’s stock worth $14,890,000 after purchasing an additional 4,401 shares in the last quarter. Banque Pictet & Cie SA grew its holdings in Netflix by 11.2% in the 1st quarter. Banque Pictet & Cie SA now owns 54,420 shares of the Internet television network’s stock valued at $16,073,000 after buying an additional 5,500 shares during the period. Tredje AP fonden grew its holdings in Netflix by 20.0% in the 1st quarter. Tredje AP fonden now owns 28,420 shares of the Internet television network’s stock valued at $8,394,000 after buying an additional 4,740 shares during the period. Crestwood Capital Management L.P. purchased a new stake in Netflix in the 1st quarter valued at about $7,655,000. Finally, Korea Investment CORP grew its holdings in Netflix by 26.9% in the 1st quarter. Korea Investment CORP now owns 474,994 shares of the Internet television network’s stock valued at $140,289,000 after buying an additional 100,811 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Shares of Netflix opened at $324.18 on Monday, according to Marketbeat.com. The firm has a market cap of $140.92 billion, a P/E ratio of 217.57, a P/E/G ratio of 4.20 and a beta of 0.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix, Inc. has a 12 month low of $144.25 and a 12 month high of $338.82.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 40.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 2.9 earnings per share for the current fiscal year.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $327.25, for a total transaction of $327,250.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $327,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 63,889 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $282.09, for a total value of $18,022,448.01. Following the transaction, the chief executive officer now owns 63,889 shares of the company’s stock, valued at approximately $18,022,448.01. The disclosure for this sale can be found here. Insiders have sold a total of 249,230 shares of company stock valued at $77,215,089 in the last quarter. 4.29% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on the company. SunTrust Banks set a $270.00 price objective on Netflix and gave the company a “hold” rating in a research note on Wednesday, February 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 price objective (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Goldman Sachs reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Netflix in a research note on Tuesday, April 17th. Finally, Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $300.13 price objective on the stock. in a research note on Monday, March 26th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $296.12.
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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