CFO4Life Group LLC Buys Shares of 606 Netflix, Inc. (NFLX)
CFO4Life Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 606 shares of the Internet television network’s stock, valued at approximately $216,000.
A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Oregon Public Employees Retirement Fund grew its position in Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after acquiring an additional 23,798,143 shares in the last quarter. Norges Bank acquired a new stake in Netflix in the fourth quarter valued at approximately $1,209,406,000. Harris Associates L P increased its stake in shares of Netflix by 90.8% in the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock worth $832,301,000 after buying an additional 1,479,651 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 9.0% in the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after buying an additional 792,338 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Netflix by 186.3% in the fourth quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock valued at $204,475,000 after acquiring an additional 497,137 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the completion of the transaction, the director now owns 609 shares in the company, valued at approximately $225,330. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 67,907 shares of the company’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 completion of the transaction, the chief executive officer now owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,381 shares of company stock valued at $64,721,327. 4.29% of the stock is owned by insiders.
Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. Netflix’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 3.5 earnings per share for the current fiscal year.
Several brokerages have recently commented on NFLX. Barclays reduced their price target on shares of Netflix from $430.00 to $375.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. Morgan Stanley restated an “overweight” rating and set a $430.00 price objective (down previously from $475.00) on shares of Netflix in a research note on Friday, January 11th. SunTrust Banks reiterated a “buy” rating and issued a $355.00 target price (down previously from $410.00) on shares of Netflix in a research report on Wednesday, January 2nd. Sanford C. Bernstein reiterated a “buy” rating and issued a $421.00 price target on shares of Netflix in a report on Wednesday, January 16th. Finally, Macquarie set a $375.00 price target on Netflix and gave the company a “buy” rating in a research report on Friday, January 18th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus price target of $385.15.
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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