1,600 Shares in Netflix, Inc. (NFLX) Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,600 shares of the Internet television network’s stock, valued at approximately $599,000.

Several other hedge funds also recently bought and sold shares of the company. Financial Gravity Wealth Inc. bought a new stake in Netflix during the first quarter worth $326,000. Baird Financial Group Inc. lifted its holdings in Netflix by 10.1% during the first quarter. Baird Financial Group Inc. now owns 7,216 shares of the Internet television network’s stock worth $2,131,000 after acquiring an additional 660 shares during the period. Nuveen Asset Management LLC lifted its holdings in Netflix by 18.3% during the first quarter. Nuveen Asset Management LLC now owns 20,361 shares of the Internet television network’s stock worth $6,014,000 after acquiring an additional 3,148 shares during the period. United Capital Financial Advisers LLC lifted its holdings in Netflix by 10.1% during the first quarter. United Capital Financial Advisers LLC now owns 17,239 shares of the Internet television network’s stock worth $5,092,000 after acquiring an additional 1,580 shares during the period. Finally, Natixis lifted its holdings in Netflix by 5,952.2% during the first quarter. Natixis now owns 68,390 shares of the Internet television network’s stock worth $20,199,000 after acquiring an additional 67,260 shares during the period. Institutional investors own 73.76% of the company’s stock.

In other news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, July 16th. The stock was sold at an average price of $399.01, for a total value of $399,010.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $399,010. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $324.94, for a total value of $113,729.00. Following the completion of the transaction, the director now owns 7,314 shares of the company’s stock, valued at $2,376,611.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 420,428 shares of company stock valued at $149,631,503. 4.29% of the stock is owned by company insiders.

Shares of NASDAQ NFLX opened at $339.56 on Friday. The firm has a market capitalization of $162.92 billion, a PE ratio of 271.65, a P/E/G ratio of 4.67 and a beta of 0.89. Netflix, Inc. has a fifty-two week low of $178.38 and a fifty-two week high of $423.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 2.67 earnings per share for the current year.

A number of brokerages recently commented on NFLX. Wedbush set a $125.00 price target on Netflix and gave the stock a “sell” rating in a report on Friday. JPMorgan Chase & Co. set a $415.00 price target on Netflix and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus set a $395.00 price target on Netflix and gave the stock a “buy” rating in a report on Friday. Citigroup upgraded Netflix from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Friday. Finally, Macquarie set a $388.00 price target on Netflix and gave the stock a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $355.45.

About Netflix

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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