Netflix, Inc. (NFLX) Stake Decreased by Advisor Group Inc.
Advisor Group Inc. decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,795 shares of the Internet television network’s stock after selling 2,079 shares during the period. Advisor Group Inc.’s holdings in Netflix were worth $8,124,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of NFLX. Xact Kapitalforvaltning AB lifted its position in shares of Netflix by 0.9% during the second quarter. Xact Kapitalforvaltning AB now owns 66,030 shares of the Internet television network’s stock worth $9,866,000 after purchasing an additional 605 shares during the last quarter. Centre Asset Management LLC lifted its position in shares of Netflix by 3.7% during the second quarter. Centre Asset Management LLC now owns 54,370 shares of the Internet television network’s stock worth $8,123,000 after purchasing an additional 1,940 shares during the last quarter. Independence Advisors LLC bought a new position in shares of Netflix during the second quarter worth about $288,000. Burns J W & Co. Inc. NY lifted its position in shares of Netflix by 0.5% during the second quarter. Burns J W & Co. Inc. NY now owns 21,400 shares of the Internet television network’s stock worth $3,197,000 after purchasing an additional 112 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Netflix during the second quarter worth about $254,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on NFLX shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $215.00 price target on shares of Netflix in a research report on Monday, September 18th. Loop Capital increased their price target on shares of Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $210.00 target price on shares of Netflix in a report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price on the stock in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have given a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $207.20.
In other Netflix news, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $195.84, for a total transaction of $195,840.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $195,840. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,372 shares of company stock worth $63,255,427. Company insiders own 4.90% of the company’s stock.
Netflix, Inc. (NFLX) traded down $0.11 during midday trading on Tuesday, reaching $194.98. 1,355,491 shares of the company were exchanged, compared to its average volume of 6,732,649. The company has a market capitalization of $83,093.03, a PE ratio of 193.96, a P/E/G ratio of 5.64 and a beta of 1.39. Netflix, Inc. has a twelve month low of $110.68 and a twelve month high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ 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 in the previous year, the firm earned $0.12 EPS. equities analysts predict that Netflix, Inc. will post 1.28 EPS for the current year.
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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