Crossmark Global Holdings Inc. Increases Stake in Netflix, Inc. (NFLX)
Crossmark Global Holdings Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,052 shares of the Internet television network’s stock after acquiring an additional 1,004 shares during the period. Crossmark Global Holdings Inc.’s holdings in Netflix were worth $5,577,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Netflix by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock valued at $659,809,000 after acquiring an additional 172,229 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Netflix by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock valued at $336,420,000 after acquiring an additional 58,691 shares during the last quarter. Swiss National Bank lifted its stake in shares of Netflix by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock valued at $288,133,000 after acquiring an additional 16,300 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Netflix by 7.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,579,953 shares of the Internet television network’s stock valued at $286,524,000 after acquiring an additional 111,513 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Netflix by 4.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,465,711 shares of the Internet television network’s stock valued at $281,358,000 after acquiring an additional 57,587 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.
A number of research analysts have recently commented on NFLX shares. Bank of America increased their price target on Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Macquarie upgraded Netflix from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $220.00 in a research note on Tuesday, January 2nd. MKM Partners raised their target price on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Goldman Sachs Group set a $250.00 target price on Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price for the company in a research report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $237.51.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current year.
In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $191.12, for a total transaction of $191,120.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $191,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $194.29, for a total value of $136,003.00. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,138 shares of company stock valued at $62,304,023. 4.90% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY WARNING: “Crossmark Global Holdings Inc. Increases Stake in Netflix, Inc. (NFLX)” was published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/crossmark-global-holdings-inc-increases-stake-in-netflix-inc-nflx/1851856.html.
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.
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.