858 Shares in Netflix, Inc. (NFLX) Purchased by Evanson Asset Management LLC
Evanson Asset Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 858 shares of the Internet television network’s stock, valued at approximately $306,000.
Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Netflix by 59.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC bought a new position in shares of Netflix in the fourth quarter worth $27,000. Pearl River Capital LLC bought a new position in shares of Netflix in the fourth quarter worth $30,000. NuWave Investment Management LLC boosted its holdings in shares of Netflix by 338.5% in the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 88 shares during the period. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of Netflix by 750.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 120 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.
In other Netflix news, CEO Reed Hastings sold 67,907 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the sale, the chief executive officer now owns 67,907 shares in the company, valued at $22,285,040.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 7,607 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $360.00, for a total value of $2,738,520.00. Following the sale, the director now owns 444 shares in the company, valued at approximately $159,840. The disclosure for this sale can be found here. Insiders have sold 186,950 shares of company stock worth $65,620,477 in the last 90 days. Company insiders own 4.29% of the company’s stock.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 3.98 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. BidaskClub lowered Netflix from a “hold” rating to a “sell” rating in a report on Wednesday. Rosenblatt Securities assumed coverage on Netflix in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price target for the company. JPMorgan Chase & Co. set a $435.00 price target on Netflix and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $440.00 price target on shares of Netflix in a report on Wednesday, April 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $402.00 price target on shares of Netflix in a report on Wednesday, March 27th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $375.71.
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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