Courier Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 692 shares of the Internet television network’s stock, valued at approximately $259,000.
Other large investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new stake in Netflix in the 2nd quarter valued at about $117,000. Guidant Wealth Advisors lifted its stake in Netflix by 190.5% in the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after purchasing an additional 200 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix in the 2nd quarter valued at about $124,000. BerganKDV Wealth Management LLC acquired a new stake in Netflix in the 2nd quarter valued at about $137,000. Finally, WealthTrust Fairport LLC lifted its stake in Netflix by 133.3% in the 2nd quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock valued at $137,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
NFLX has been the subject of several research reports. UBS Group downgraded shares of Netflix from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $425.00 to $237.00 in a research report on Wednesday, July 11th. Goldman Sachs Group restated a “$375.13” rating and set a $470.00 price objective on shares of Netflix in a research report on Wednesday, July 18th. Atlantic Securities restated a “buy” rating and set a $413.00 price objective on shares of Netflix in a research report on Monday, September 3rd. SunTrust Banks raised their price objective on shares of Netflix from $270.00 to $415.00 and gave the stock a “hold” rating in a research report on Friday, July 13th. Finally, Wells Fargo & Co raised their price objective on shares of Netflix from $370.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $355.45.
Shares of NFLX opened at $339.56 on Friday. Netflix, Inc. has a 12 month low of $178.38 and a 12 month high of $423.21. The company has a market cap of $162.92 billion, a PE ratio of 271.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 2.67 EPS for the current year.
In related news, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction that occurred 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 transaction, the director now directly owns 7,314 shares of the company’s stock, valued at $2,376,611.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 75,656 shares of Netflix stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $359.64, for a total transaction of $27,208,923.84. Following the completion of the transaction, the chief executive officer now directly owns 75,656 shares in the company, valued at $27,208,923.84. The disclosure for this sale can be found here. Insiders sold 420,428 shares of company stock worth $149,631,503 over the last three months. 4.29% of the stock is currently owned by insiders.
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.
Read More: How Investors Use a Balance Sheet
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (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.