Cetera Advisor Networks LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 62.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,964 shares of the Internet television network’s stock after purchasing an additional 3,459 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Netflix were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Monetta Financial Services Inc. purchased a new position in Netflix during the 1st quarter valued at about $886,000. Bank Pictet & Cie Asia Ltd. purchased a new position in Netflix during the 1st quarter valued at about $269,000. Private Advisor Group LLC boosted its holdings in Netflix by 29.2% during the 1st quarter. Private Advisor Group LLC now owns 21,559 shares of the Internet television network’s stock valued at $6,368,000 after acquiring an additional 4,870 shares during the period. Silvant Capital Management LLC purchased a new position in Netflix during the 1st quarter valued at about $10,679,000. Finally, Noven Financial Group Inc. purchased a new position in Netflix during the 1st quarter valued at about $234,000. Institutional investors and hedge funds own 77.20% of the company’s stock.
A number of equities analysts recently commented on NFLX shares. SunTrust Banks set a $270.00 target price on Netflix and gave the company a “hold” rating in a report on Wednesday, February 14th. Canaccord Genuity restated a “buy” rating and set a $280.00 target price (up from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. Zacks Investment Research cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. Goldman Sachs restated a “buy” rating and set a $390.00 target price on shares of Netflix in a report on Tuesday, April 17th. Finally, Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $300.13 target price for the company. in a report on Monday, March 26th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $296.12.
Netflix opened at $331.62 on Wednesday, according to Marketbeat. The company has a market cap of $140.92 billion, a price-to-earnings ratio of 265.30, a PEG ratio of 4.20 and a beta of 0.97. Netflix, Inc. has a 52 week low of $144.25 and a 52 week high of $338.82. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. equities analysts predict that Netflix, Inc. will post 2.9 earnings per share for the current fiscal year.
In other news, CEO Reed Hastings sold 75,271 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $316.98, for a total value of $23,859,401.58. Following the transaction, the chief executive officer now owns 75,271 shares of the company’s stock, valued at $23,859,401.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $330.50, for a total value of $231,350.00. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,443,386.50. The disclosure for this sale can be found here. In the last three months, insiders sold 271,678 shares of company stock worth $87,692,906. Corporate insiders own 4.29% of the company’s stock.
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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