Harvest Fund Management Co. Ltd increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 120.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,583 shares of the Internet television network’s stock after acquiring an additional 1,959 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Netflix were worth $1,341,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Berkeley Capital Partners LLC grew its stake in Netflix by 17.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after buying an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. grew its stake in Netflix by 17.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after buying an additional 152 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Netflix by 9.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after buying an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Netflix by 22.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after buying an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in Netflix by 30.6% during the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after buying an additional 158 shares during the last quarter. 74.12% of the stock is currently owned by institutional investors.
Several analysts have recently commented on the company. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Credit Suisse Group reissued a “buy” rating and issued a $470.00 price target on shares of Netflix in a report on Monday, October 1st. B. Riley lifted their price objective on Netflix from $315.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $465.00 price objective on shares of Netflix in a report on Wednesday, October 17th. Finally, Nomura set a $370.00 price objective on Netflix and gave the stock a “neutral” rating in a report on Monday, October 29th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $379.20.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $367.00, for a total transaction of $367,000.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $367,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David B. Wells sold 588 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $283.79, for a total value of $166,868.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,058 shares of company stock worth $88,385,559. Insiders own 4.29% of the company’s stock.
Shares of NFLX traded down $4.85 during midday trading on Thursday, reaching $262.13. 11,014,262 shares of the company were exchanged, compared to its average volume of 14,643,222. The stock has a market cap of $116.43 billion, a PE ratio of 209.70, a P/E/G ratio of 3.36 and a beta of 1.18. Netflix, Inc. has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 34.0% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 2.65 earnings per share for the current year.
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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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