Netflix, Inc. (NFLX) Holdings Increased by We Are One Seven LLC
We Are One Seven LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 51.3% during the first quarter, HoldingsChannel reports. The firm owned 2,499 shares of the Internet television network’s stock after purchasing an additional 847 shares during the period. We Are One Seven LLC’s holdings in Netflix were worth $891,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in NFLX. Oregon Public Employees Retirement Fund lifted its position in Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after purchasing an additional 23,798,143 shares during the last quarter. Norges Bank bought a new position in shares of Netflix in the 4th quarter worth approximately $1,209,406,000. Capital International Investors bought a new position in Netflix in the third quarter worth $1,231,337,000. Harris Associates L P boosted its holdings in Netflix by 90.8% in the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock worth $832,301,000 after acquiring an additional 1,479,651 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Netflix by 9.0% during the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after buying an additional 792,338 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.
In related news, Director Anne M. Sweeney sold 7,607 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total value of $2,738,520.00. Following the transaction, the director now owns 444 shares of the company’s stock, valued at $159,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 67,907 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the transaction, the chief executive officer now owns 67,907 shares in the company, valued at $22,285,040.19. The disclosure for this sale can be found here. Insiders sold a total of 186,950 shares of company stock worth $65,620,477 over the last three months. 4.29% of the stock is currently owned by corporate insiders.
Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 27.4% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 3.98 EPS for the current year.
A number of analysts have recently commented on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 price target on shares of Netflix in a research note on Wednesday, April 3rd. UBS Group started coverage on shares of Netflix in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 target price for the company. Rosenblatt Securities initiated coverage on Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and set a $480.00 price target on shares of Netflix in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. set a $435.00 price objective on Netflix and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Netflix has a consensus rating of “Buy” and a consensus price target of $375.71.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
Further Reading: Return On Assets
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