Private Wealth Partners LLC Buys Shares of 1,110 Netflix, Inc. (NFLX)
Private Wealth Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,110 shares of the Internet television network’s stock, valued at approximately $201,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zweig DiMenna Associates LLC increased its position in shares of Netflix by 32.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 153,333 shares of the Internet television network’s stock valued at $27,807,000 after purchasing an additional 37,735 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Netflix during the 3rd quarter valued at approximately $4,204,000. Cedar Capital LLC increased its position in shares of Netflix by 19.8% during the 3rd quarter. Cedar Capital LLC now owns 2,373 shares of the Internet television network’s stock valued at $430,000 after purchasing an additional 392 shares during the last quarter. Grimes & Company Inc. bought a new position in Netflix in the 3rd quarter valued at $203,000. Finally, Biegel & Waller LLC bought a new position in Netflix in the 3rd quarter valued at $209,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on NFLX shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital upped their price objective on Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Netflix in a research report on Friday, October 6th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and an average price target of $207.20.
In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $195.84, for a total value of $195,840.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $195,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Friedland sold 3,617 shares of Netflix 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 disclosure for this sale can be found here. Insiders sold 342,372 shares of company stock worth $63,255,427 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Netflix, Inc. (NFLX) traded up $3.41 during trading hours on Monday, reaching $195.43. The company’s stock had a trading volume of 2,930,000 shares, compared to its average volume of 8,340,000. Netflix, Inc. has a 12 month low of $110.68 and a 12 month high of $204.38. 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 capitalization of $84,570.00, a P/E ratio of 193.96, a P/E/G ratio of 5.64 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. equities analysts expect that Netflix, Inc. will post 1.28 EPS for the current 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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