Amarillo National Bank decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,870 shares of the Internet television network’s stock after selling 3,017 shares during the period. Netflix makes up 0.7% of Amarillo National Bank’s holdings, making the stock its 24th biggest holding. Amarillo National Bank’s holdings in Netflix were worth $1,838,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Netflix by 3.5% during the second quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after acquiring an additional 1,118,349 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Netflix by 1.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock worth $5,784,623,000 after purchasing an additional 297,582 shares in the last quarter. Baillie Gifford & Co. grew its position in Netflix by 2.2% in the 2nd quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock worth $2,844,343,000 after purchasing an additional 163,289 shares in the last quarter. Invesco Ltd. grew its position in Netflix by 39.1% in the 2nd quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after purchasing an additional 2,039,046 shares in the last quarter. Finally, Northern Trust Corp grew its position in Netflix by 1.3% in the 2nd quarter. Northern Trust Corp now owns 5,011,246 shares of the Internet television network’s stock worth $1,840,730,000 after purchasing an additional 62,742 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.
A number of equities research analysts have issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, September 24th. Guggenheim reduced their price objective on shares of Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group set a $370.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, October 10th. Aegis reduced their price objective on shares of Netflix from $310.00 to $275.00 and set a “hold” rating for the company in a research report on Tuesday, October 8th. Finally, Cowen reduced their price objective on shares of Netflix from $435.00 to $415.00 and set an “outperform” rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $364.90.
In other news, CEO Reed Hastings sold 43,372 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $266.57, for a total value of $11,561,674.04. Following the transaction, the chief executive officer now owns 43,372 shares of the company’s stock, valued at approximately $11,561,674.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradford L. Smith purchased 6,499 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the acquisition, the director now directly owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. Insiders sold a total of 150,983 shares of company stock worth $44,378,164 over the last quarter. Corporate insiders own 4.29% of the company’s stock.
NASDAQ NFLX traded up $9.70 on Thursday, hitting $295.98. The stock had a trading volume of 31,190,704 shares, compared to its average volume of 9,488,915. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $385.99. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $129.98 billion, a price-to-earnings ratio of 110.44, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. The firm has a 50-day moving average of $280.78 and a 200-day moving average of $332.02.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.42. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 3.23 earnings per share for the current fiscal year.
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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