Netflix, Inc. (NFLX) Shares Sold by Seatown Holdings Pte. Ltd.
Seatown Holdings Pte. Ltd. lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 45.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,251 shares of the Internet television network’s stock after selling 65,900 shares during the period. Netflix accounts for about 1.1% of Seatown Holdings Pte. Ltd.’s holdings, making the stock its 24th largest holding. Seatown Holdings Pte. Ltd.’s holdings in Netflix were worth $14,554,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Lincoln National Corp grew its stake in shares of Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after buying an additional 268 shares during the last quarter. First City Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter valued at $242,000. Syntal Capital Partners LLC purchased a new stake in Netflix during the 3rd quarter valued at $812,000. Dupont Capital Management Corp purchased a new stake in Netflix during the 3rd quarter valued at $400,000. Finally, SignalPoint Asset Management LLC purchased a new stake in Netflix during the 3rd quarter valued at $352,000. Institutional investors own 80.68% of the company’s stock.
Several research firms have recently weighed in on NFLX. MKM Partners reissued a “buy” rating and set a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $167.28 price target on the stock. in a report on Monday, July 10th. Credit Suisse Group set a $154.00 price target on Netflix and gave the company a “neutral” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Wedbush reissued an “underperform” rating and set a $73.00 price target on shares of Netflix in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $207.20.
Netflix, Inc. (NASDAQ:NFLX) traded up $0.41 during trading hours on Monday, hitting $200.42. 568,533 shares of the company were exchanged, compared to its average volume of 8,330,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $86,550.00, a PE ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39. Netflix, Inc. has a 1 year low of $110.68 and a 1 year high of $204.38.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. equities analysts predict that Netflix, Inc. will post 1.27 earnings per share for the current year.
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In other Netflix news, Director Richard N. Barton sold 700 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now directly owns 7,362 shares in the company, valued at approximately $1,453,111.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel David A. Hyman sold 63,378 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares in the company, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,487 shares of company stock worth $62,816,777. 4.90% of the stock is owned by company insiders.
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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