GSA Capital Partners LLP Has $366,000 Position in Netflix, Inc. (NFLX)
GSA Capital Partners LLP reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 93.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,017 shares of the Internet television network’s stock after selling 26,868 shares during the period. GSA Capital Partners LLP’s holdings in Netflix were worth $366,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truepoint Inc. raised its holdings in Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after purchasing an additional 400,197 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in Netflix by 161.0% during the third quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after purchasing an additional 9,850 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Netflix during the third quarter worth about $215,000. Cetera Investment Advisers raised its holdings in Netflix by 41.4% during the third quarter. Cetera Investment Advisers now owns 4,410 shares of the Internet television network’s stock worth $797,000 after purchasing an additional 1,292 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in Netflix by 3.5% during the third quarter. IFM Investors Pty Ltd now owns 12,073 shares of the Internet television network’s stock worth $2,189,000 after purchasing an additional 406 shares in the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Leslie J. Kilgore sold 847 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $207.00, for a total transaction of $175,329.00. Following the sale, the director now owns 36,043 shares in the company, valued at $7,460,901. The sale 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 firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $196.16, for a total transaction of $392,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,227 shares of company stock worth $65,627,992. 4.90% of the stock is owned by company insiders.
Several research analysts recently issued reports on NFLX shares. BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Citigroup increased their price target on shares of Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 target price for the company in a report on Friday, December 22nd. Loop Capital increased their target price on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Wedbush set a $88.00 target price on shares of Netflix and gave the company a “sell” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $210.08.
Shares of Netflix, Inc. (NFLX) opened at $209.99 on Friday. Netflix, Inc. has a 1 year low of $128.50 and a 1 year high of $210.02. The stock has a market cap of $90,870.00, a P/E ratio of 212.11, a P/E/G ratio of 3.34 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) 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 analyst estimates of $2.97 billion. During the same quarter last year, the business posted $0.12 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. analysts forecast that Netflix, Inc. will post 1.26 EPS for the current year.
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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