United Capital Management of KS Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the Internet television network’s stock after purchasing an additional 137 shares during the quarter. United Capital Management of KS Inc.’s holdings in Netflix were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new position in shares of Netflix during the 3rd quarter valued at approximately $62,000. MCF Advisors LLC purchased a new position in shares of Netflix during the third quarter valued at $108,000. Perennial Advisors LLC increased its stake in shares of Netflix by 2,021.4% during the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after buying an additional 283 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of Netflix during the third quarter valued at $113,000. Finally, Westside Investment Management Inc. grew its stake in Netflix by 225.5% in the third quarter. Westside Investment Management Inc. now owns 332 shares of the Internet television network’s stock valued at $117,000 after purchasing an additional 230 shares during the last quarter. 73.97% of the stock is owned by institutional investors.
Shares of NASDAQ NFLX traded up $0.96 during midday trading on Thursday, reaching $320.92. 8,351,668 shares of the stock traded hands, compared to its average volume of 15,544,670. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $129.77 billion, a P/E ratio of 256.74, a P/E/G ratio of 2.44 and a beta of 1.12. Netflix, Inc. has a one year low of $206.91 and a one year high of $423.21.
Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts predict that Netflix, Inc. will post 2.63 EPS for the current fiscal year.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $337.86, for a total value of $337,860.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $337,860. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 63,147 shares of the stock in a transaction on Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the completion of the sale, the chief executive officer now owns 63,147 shares in the company, valued at approximately $15,226,004.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 289,664 shares of company stock valued at $84,528,831. 4.29% of the stock is owned by corporate insiders.
A number of research analysts have issued reports on the company. Macquarie set a $410.00 price target on Netflix and gave the company a “buy” rating in a report on Monday, October 29th. Barclays decreased their price target on Netflix from $430.00 to $375.00 and set an “overweight” rating on the stock in a research note on Monday. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. JPMorgan Chase & Co. reissued a “buy” rating and set a $415.00 target price on shares of Netflix in a research note on Friday, October 12th. Finally, Goldman Sachs Group restated a “conviction-buy” rating and set a $400.00 price target on shares of Netflix in a report on Friday, January 4th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average target price of $365.04.
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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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