Private Ocean LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 127.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 464 shares of the Internet television network’s stock after acquiring an additional 260 shares during the quarter. Private Ocean LLC’s holdings in Netflix were worth $125,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of NFLX. Nelson Roberts Investment Advisors LLC increased its stake in Netflix by 600.0% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after buying an additional 72 shares during the period. Winthrop Partners WNY LLC increased its stake in Netflix by 64.9% in the 3rd quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 37 shares during the period. 1 North Wealth Services LLC acquired a new position in Netflix in the 3rd quarter valued at $25,000. Intercontinental Wealth Advisors LLC increased its stake in Netflix by 100.0% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock valued at $26,000 after buying an additional 48 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in Netflix in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 79.29% of the company’s stock.
In related news, CEO Reed Hastings sold 43,372 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $266.57, for a total transaction of $11,561,674.04. Following the completion of the transaction, the chief executive officer now directly owns 43,372 shares in the company, valued at $11,561,674.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 135,702 shares of company stock valued at $38,290,015. 4.29% of the stock is owned by corporate insiders.
NASDAQ NFLX traded up $2.00 during trading hours on Friday, reaching $291.57. The company’s stock had a trading volume of 4,509,000 shares, compared to its average volume of 8,183,516. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $126.11 billion, a PE ratio of 108.79, a PEG ratio of 2.88 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $385.99. The company’s 50-day moving average is $276.43 and its two-hundred day moving average is $323.02.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.42. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. Netflix’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Equities analysts expect that Netflix, Inc. will post 3.33 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Loop Capital lowered their price target on shares of Netflix to $415.00 in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research note on Thursday, October 3rd. Morgan Stanley lowered their price target on shares of Netflix from $450.00 to $400.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Co upped their price target on shares of Netflix from $288.00 to $308.00 and gave the stock a “market perform” rating in a research note on Thursday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, September 24th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Netflix has a consensus rating of “Hold” and an average price target of $369.54.
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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