PHH Investments Ltd. Has $908,000 Position in Netflix, Inc. (NFLX)
PHH Investments Ltd. continued to hold its stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,080 shares of the Internet television network’s stock at the end of the second quarter. PHH Investments Ltd.’s holdings in Netflix were worth $908,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. FMR LLC raised its stake in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Tybourne Capital Management HK Ltd. raised its stake in shares of Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock valued at $452,541,000 after buying an additional 571,126 shares in the last quarter. 82.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at 168.50 on Wednesday. The stock has a market cap of $72.75 billion, a PE ratio of 204.99 and a beta of 1.02. The firm has a 50-day moving average price of $169.45 and a 200-day moving average price of $154.36. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. Equities analysts forecast that Netflix, Inc. will post $1.19 EPS for the current year.
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NFLX has been the subject of several research analyst reports. Morgan Stanley set a $210.00 target price on Netflix and gave the company a “buy” rating in a research report on Tuesday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $203.00 target price (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th. Wedbush increased their price target on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 18th. Pivotal Research increased their price target on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Finally, BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $175.13.
In other Netflix news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the transaction, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares of the company’s stock, valued at approximately $3,276,435.47. The disclosure for this sale can be found here. Insiders have sold a total of 389,801 shares of company stock valued at $64,889,201 in the last quarter. Company insiders own 4.90% of the company’s stock.
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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