Janney Montgomery Scott LLC Sells 4,349 Shares of Netflix, Inc. (NFLX)
Janney Montgomery Scott LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,469 shares of the Internet television network’s stock after selling 4,349 shares during the period. Janney Montgomery Scott LLC’s holdings in Netflix were worth $5,888,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Balentine LLC increased its position in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the second quarter worth $101,000. Aviance Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $137,000. Captrust Financial Advisors acquired a new stake in shares of Netflix during the second quarter worth $139,000. Finally, Harfst & Associates Inc. boosted its holdings in shares of Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the last quarter. 83.37% of the stock is owned by institutional investors.
Netflix, Inc. (NASDAQ NFLX) opened at $187.86 on Thursday. The company has a market capitalization of $80,371.15, a PE ratio of 187.61, a price-to-earnings-growth ratio of 5.52 and a beta of 1.33. Netflix, Inc. has a one year low of $122.50 and a one year high of $204.38. 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 issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. sell-side analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co restated an “overweight” rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a report on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, CIBC restated an “outperform” rating and set a $215.00 price objective (up previously from $200.00) on shares of Netflix in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $209.65.
In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total value of $368,600.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,476,611.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the sale, the director now directly owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 325,285 shares of company stock worth $62,818,751. Corporate insiders own 4.90% of the company’s stock.
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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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