Netflix, Inc. (NFLX) Shares Bought by Cetera Investment Advisers
Cetera Investment Advisers grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 41.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,410 shares of the Internet television network’s stock after purchasing an additional 1,292 shares during the quarter. Cetera Investment Advisers’ holdings in Netflix were worth $797,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Balentine LLC grew 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 Netflix during the second quarter worth about $101,000. Aviance Capital Management LLC acquired a new stake in Netflix during the second quarter worth about $137,000. Captrust Financial Advisors acquired a new stake in Netflix during the second quarter worth about $139,000. Finally, Harfst & Associates Inc. grew its position in 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 buying an additional 273 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $187.94, for a total transaction of $187,940.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $187,940. The disclosure for this sale can be found here. Insiders have sold a total of 325,285 shares of company stock valued at $62,818,751 in the last ninety days. Company insiders own 4.90% of the company’s stock.
A number of research firms recently weighed in on NFLX. Stifel Nicolaus lifted their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $225.00 price objective (up from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised 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 downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, CIBC reaffirmed an “outperform” rating and set a $215.00 price objective (up from $200.00) on shares of Netflix in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $209.65.
Shares of Netflix, Inc. (NFLX) opened at $189.56 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a fifty-two week low of $122.87 and a fifty-two week high of $204.38. The company has a market cap of $81,292.87, a price-to-earnings ratio of 189.76, a price-to-earnings-growth ratio of 5.58 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the firm posted $0.12 EPS. Netflix’s revenue was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
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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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