Asset Dedication LLC Has $553,000 Stake in Netflix, Inc. (NFLX)
Asset Dedication LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,083 shares of the Internet television network’s stock after buying an additional 381 shares during the period. Asset Dedication LLC’s holdings in Netflix were worth $553,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Netflix in the third quarter worth about $1,287,000. Stokes & Hubbell Capital Management LLC purchased a new position in Netflix during the 3rd quarter valued at about $226,000. Crow Point Partners LLC purchased a new position in Netflix during the 3rd quarter valued at about $189,000. Intl Fcstone Inc. purchased a new position in Netflix during the 2nd quarter valued at about $278,000. Finally, Navellier & Associates Inc purchased a new position in Netflix during the 2nd quarter valued at about $492,000. Hedge funds and other institutional investors own 81.02% of the company’s stock.
In other Netflix news, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $187.75, for a total transaction of $375,500.00. Following the completion of the transaction, the director now owns 7,198 shares in the company, valued at $1,351,424.50. The disclosure for this sale can be found here. Insiders have sold 305,288 shares of company stock worth $55,168,715 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
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Shares of Netflix, Inc. (NFLX) traded down 0.50% on Friday, hitting $194.16. 5,995,568 shares of the company were exchanged. The firm’s 50-day moving average is $186.73 and its 200-day moving average is $167.39. Netflix, Inc. has a 52-week low of $110.68 and a 52-week high of $204.38. The stock has a market capitalization of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts predict that Netflix, Inc. will post $1.25 earnings per share for the current year.
A number of research analysts recently issued reports on the company. SunTrust Banks, Inc. set a $175.00 price target on Netflix and gave the company a “hold” rating in a report on Monday, October 16th. Macquarie set a $200.00 price target on Netflix and gave the company a “neutral” rating in a report on Tuesday, October 17th. Atlantic Securities set a $235.00 price target on Netflix and gave the company a “buy” rating in a report on Tuesday, October 17th. CIBC restated an “outperform” rating and set a $245.00 price target (up previously from $215.00) on shares of Netflix in a report on Tuesday, October 17th. Finally, Cantor Fitzgerald set a $235.00 price target on Netflix and gave the company a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $207.30.
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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