Advisory Alpha LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, HoldingsChannel.com reports. The fund acquired 266 shares of the Internet television network’s stock, valued at approximately $96,000.
A number of other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in shares of Netflix by 17,848.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after buying an additional 23,798,143 shares during the last quarter. Norges Bank purchased a new position in shares of Netflix during the fourth quarter valued at approximately $1,209,406,000. Harris Associates L P boosted its position in shares of Netflix by 90.8% during the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock valued at $832,301,000 after buying an additional 1,479,651 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Netflix by 9.0% during the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after buying an additional 792,338 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Netflix by 186.3% during the fourth quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock valued at $204,475,000 after buying an additional 497,137 shares during the last quarter. 77.05% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Reed Hastings sold 56,966 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the completion of the transaction, the chief executive officer now directly owns 56,966 shares in the company, valued at $21,119,574.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 166,838 shares of company stock valued at $60,415,372. 3.72% of the stock is owned by company insiders.
Shares of NASDAQ NFLX opened at $351.27 on Wednesday. The firm has a market capitalization of $155.13 billion, a PE ratio of 131.07, a P/E/G ratio of 3.60 and a beta of 1.30. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 3.34 earnings per share for the current year.
Several research analysts recently issued reports on NFLX shares. Buckingham Research cut Netflix from a “buy” rating to a “neutral” rating and set a $382.00 target price on the stock. in a research report on Friday, March 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $480.00 target price on shares of Netflix in a research report on Wednesday, March 20th. SunTrust Banks reaffirmed a “buy” rating and set a $402.00 target price on shares of Netflix in a research report on Wednesday, March 27th. UBS Group began coverage on Netflix in a report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price target on the stock. Finally, Rosenblatt Securities began coverage on Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $386.03.
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Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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