American Century Companies Inc. Purchases 302,857 Shares of Netflix, Inc. (NFLX)
American Century Companies Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 26.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,427,160 shares of the Internet television network’s stock after purchasing an additional 302,857 shares during the quarter. American Century Companies Inc. owned 0.33% of Netflix worth $258,815,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix in the 2nd quarter valued at about $1,045,000. Calamos Advisors LLC boosted its holdings in shares of Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the period. Alps Advisors Inc. bought a new stake in shares of Netflix during the second quarter worth approximately $262,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Netflix by 19.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,298 shares of the Internet television network’s stock worth $6,619,000 after acquiring an additional 7,247 shares during the period. Finally, Westpac Banking Corp boosted its holdings in shares of Netflix by 20.2% during the second quarter. Westpac Banking Corp now owns 38,925 shares of the Internet television network’s stock worth $5,816,000 after acquiring an additional 6,553 shares during the period. 80.68% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,413,396.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 93,380 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the sale, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at $15,507,616.60. The disclosure for this sale can be found here. Insiders sold 339,487 shares of company stock worth $62,635,407 over the last quarter. 4.90% of the stock is currently owned by insiders.
Netflix, Inc. (NASDAQ NFLX) traded up $0.69 during mid-day trading on Tuesday, hitting $200.01. 3,643,216 shares of the company were exchanged, compared to its average volume of 8,210,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12-month low of $110.68 and a 12-month high of $204.38. The stock has a market capitalization of $84,690.00, a price-to-earnings ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. sell-side analysts forecast that Netflix, Inc. will post 1.27 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Loop Capital restated a “buy” rating and set a $237.00 price objective on shares of Netflix in a report on Thursday, October 26th. Needham & Company LLC reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, October 19th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a research note on Thursday, October 19th. Finally, Wedbush restated a “hold” rating and set a $190.00 target price (up from $180.00) on shares of Netflix in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $207.20.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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