Netflix, Inc. (NASDAQ:NFLX) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,882,317 shares of the Internet television network’s stock after buying an additional 34,459 shares during the period. Netflix accounts for 0.8% of First Trust Advisors LP’s holdings, making the stock its 11th largest position. First Trust Advisors LP’s holdings in Netflix were worth $281,237,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in NFLX. Vanguard Group Inc. increased its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares during the period. FMR LLC increased its stake in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares during the period. State Street Corp increased its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after buying an additional 463,143 shares during the period. Jennison Associates LLC increased its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares during the period. Finally, Baillie Gifford & Co. increased its stake in Netflix by 3.2% in the first quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network’s stock valued at $1,122,336,000 after buying an additional 234,664 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.
Shares of Netflix, Inc. (NFLX) opened at 169.14 on Friday. The stock’s 50 day moving average price is $168.29 and its 200 day moving average price is $153.50. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 205.77 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue was up 32.3% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.
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NFLX has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Netflix in a research report on Monday, April 17th. FBR & Co lifted their price objective on Netflix from $144.00 to $145.00 and gave the company a “mkt perform” rating in a report on Tuesday, April 18th. Jefferies Group LLC lifted their price objective on Netflix from $135.00 to $141.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Finally, Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average price target of $174.79.
In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,413,396.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $157.13, for a total value of $15,998,190.95. Following the completion of the transaction, the chief executive officer now owns 101,815 shares in the company, valued at approximately $15,998,190.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 389,801 shares of company stock worth $64,889,201. Insiders own 4.90% of the company’s stock.
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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