Netflix, Inc. (NFLX) Holdings Boosted by Green Square Capital LLC
Green Square Capital LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,788 shares of the Internet television network’s stock after purchasing an additional 200 shares during the quarter. Green Square Capital LLC’s holdings in Netflix were worth $715,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NFLX. Monetta Financial Services Inc. boosted its stake in Netflix by 184.1% in the first quarter. Monetta Financial Services Inc. now owns 12,500 shares of the Internet television network’s stock worth $1,848,000 after purchasing an additional 8,100 shares in the last quarter. KBC Group NV boosted its stake in Netflix by 14.1% in the first quarter. KBC Group NV now owns 117,245 shares of the Internet television network’s stock worth $17,330,000 after purchasing an additional 14,460 shares in the last quarter. Prudential Financial Inc. boosted its stake in Netflix by 17.7% in the first quarter. Prudential Financial Inc. now owns 1,325,542 shares of the Internet television network’s stock worth $195,929,000 after purchasing an additional 199,010 shares in the last quarter. Doheny Asset Management CA acquired a new position in Netflix in the first quarter worth $1,058,000. Finally, Stifel Financial Corp boosted its stake in Netflix by 117.1% in the first quarter. Stifel Financial Corp now owns 161,197 shares of the Internet television network’s stock worth $23,835,000 after purchasing an additional 86,934 shares in the last quarter. 81.03% of the stock is currently owned by institutional investors.
Netflix, Inc. (NASDAQ NFLX) traded up 1.87% during midday trading on Friday, hitting $198.02. The company had a trading volume of 15,348,356 shares. The firm has a market capitalization of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. The firm’s 50 day moving average is $178.79 and its 200-day moving average is $163.66. Netflix, Inc. has a 52 week low of $97.63 and a 52 week high of $198.92. Netflix also was the target of some unusual options trading on Thursday. Stock traders bought 122,784 call options on the company. This is an increase of approximately 283% compared to the average volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. On average, equities research analysts expect that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
NFLX has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Canaccord Genuity boosted their price objective on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, June 16th. Morgan Stanley reissued an “overweight” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Netflix in a research note on Thursday, July 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a research note on Friday, June 16th. Finally, Vetr lowered Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price objective on the stock. in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $185.18.
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In other news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders have sold 316,067 shares of company stock worth $56,923,386 over the last ninety days. Insiders own 4.90% of the company’s stock.
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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