Netflix, Inc. (NFLX) Shares Bought by First Republic Investment Management Inc.
First Republic Investment Management Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,249 shares of the Internet television network’s stock after purchasing an additional 2,317 shares during the quarter. First Republic Investment Management Inc.’s holdings in Netflix were worth $14,916,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new position in shares of Netflix during the 2nd quarter valued at approximately $101,000. Aviance Capital Management LLC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $137,000. Captrust Financial Advisors bought a new position in shares of Netflix during the 2nd quarter valued at approximately $139,000. Harfst & Associates Inc. grew its stake in shares of Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after acquiring an additional 273 shares during the period. Finally, Grove Bank & Trust grew its stake in shares of Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after acquiring an additional 684 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.
In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total transaction of $359,780.00. Following the transaction, the director now owns 7,930 shares of the company’s stock, valued at approximately $1,426,527.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 75,467 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $185.02, for a total value of $13,962,904.34. Following the transaction, the chief executive officer now directly owns 75,467 shares in the company, valued at approximately $13,962,904.34. The disclosure for this sale can be found here. Insiders sold a total of 324,285 shares of company stock worth $62,630,811 in the last ninety days. 4.90% of the stock is currently owned by corporate insiders.
Netflix, Inc. (NFLX) opened at $185.20 on Friday. The company has a market capitalization of $80,185.08, a price-to-earnings ratio of 187.17, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12-month low of $121.73 and a 12-month high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. equities research analysts expect that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
NFLX has been the subject of a number of recent research reports. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $165.09 price objective for the company. in a research note on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and issued a $175.00 price target on shares of Netflix in a report on Friday, September 1st. Jefferies Group set a $165.00 price target on Netflix and gave the stock a “neutral” rating in a report on Monday, September 18th. KeyCorp reissued a “buy” rating and issued a $190.00 price target on shares of Netflix in a report on Friday, August 25th. Finally, Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 price target on the stock in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus target price of $209.65.
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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