LA Financiere DE L Echiquier lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 32.1% in the third quarter, HoldingsChannel.com reports. The firm owned 4,360 shares of the Internet television network’s stock after purchasing an additional 1,060 shares during the quarter. LA Financiere DE L Echiquier’s holdings in Netflix were worth $1,167,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. Winthrop Partners WNY LLC increased its stake in shares of Netflix by 64.9% in the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 37 shares in the last quarter. 1 North Wealth Services LLC purchased a new stake in shares of Netflix in the third quarter worth $25,000. Intercontinental Wealth Advisors LLC increased its stake in shares of Netflix by 100.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after purchasing an additional 48 shares in the last quarter. Fulcrum Equity Management purchased a new stake in shares of Netflix in the third quarter worth $27,000. Finally, Nelson Roberts Investment Advisors LLC increased its stake in shares of Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. 79.29% of the stock is owned by hedge funds and other institutional investors.
In other Netflix 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 transaction of $11,561,674.04. Following the completion of the transaction, the chief executive officer now owns 43,372 shares in the company, valued at $11,561,674.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 135,702 shares of company stock valued at $38,290,015 in the last quarter. 4.29% of the stock is owned by company insiders.
NFLX stock traded up $2.61 during trading on Monday, hitting $294.18. 3,943,713 shares of the company’s stock traded hands, compared to its average volume of 8,164,070. 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 1.81, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day simple moving average of $276.43 and a 200 day simple moving average of $323.02. The stock has a market capitalization of $126.11 billion, a price-to-earnings ratio of 109.77, a P/E/G ratio of 2.88 and a beta of 1.25.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the business earned $0.89 earnings per share. Netflix’s quarterly revenue was up 31.2% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 3.33 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $295.00 target price for the company. in a research report on Friday, October 11th. Bank of America dropped their target price on shares of Netflix from $450.00 to $426.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. BidaskClub upgraded shares of Netflix from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 3rd. UBS Group set a $370.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Nomura upped their target price on shares of Netflix from $310.00 to $330.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Five equities research 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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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