Sun Life Financial INC Boosts Holdings in Netflix, Inc. (NFLX)
Sun Life Financial INC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 9,105.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,130 shares of the Internet television network’s stock after buying an additional 3,096 shares during the period. Sun Life Financial INC’s holdings in Netflix were worth $468,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the second quarter valued at $101,000. TD Capital Management LLC bought a new position in shares of Netflix in the second quarter valued at $105,000. Appropriate Balance Financial Services Inc. increased its holdings in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. bought a new position in shares of Netflix in the first quarter valued at $109,000. 81.03% of the stock is currently owned by institutional investors.
NFLX has been the topic of several recent analyst reports. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 target price (up from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Cantor Fitzgerald boosted their target price on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price on the stock in a research note on Tuesday, September 19th. MKM Partners boosted their target price on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Netflix in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-nine have assigned a buy rating to the stock. Netflix has a consensus rating of “Buy” and a consensus price target of $180.15.
In other Netflix news, CEO Reed Hastings sold 75,467 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total transaction of $13,962,904.34. Following the sale, the chief executive officer now directly owns 75,467 shares of the company’s stock, valued at approximately $13,962,904.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the sale, the insider now directly owns 1,232 shares in the company, valued at $224,433.44. The disclosure for this sale can be found here. Insiders have sold a total of 308,325 shares of company stock worth $55,447,238 over the last three months. Insiders own 4.90% of the company’s stock.
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Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.36% during trading on Friday, reaching $181.35. 4,227,864 shares of the company’s stock were exchanged. Netflix, Inc. has a 52-week low of $94.04 and a 52-week high of $191.50. The stock’s 50 day moving average price is $175.28 and its 200-day moving average price is $160.06. The stock has a market cap of $78.30 billion, a PE ratio of 220.62 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last posted its earnings results 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). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix, Inc. will post $1.17 EPS for the current year.
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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