Toronto Dominion Bank Acquires 17,740 Shares of Netflix, Inc. (NFLX)
Toronto Dominion Bank grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,741 shares of the Internet television network’s stock after acquiring an additional 17,740 shares during the period. Toronto Dominion Bank’s holdings in Netflix were worth $29,691,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund grew its position in Netflix by 3.5% in the third quarter. New York State Common Retirement Fund now owns 1,173,000 shares of the Internet television network’s stock worth $212,724,000 after acquiring an additional 39,700 shares in the last quarter. CIBC Asset Management Inc grew its position in Netflix by 2.4% in the third quarter. CIBC Asset Management Inc now owns 55,620 shares of the Internet television network’s stock worth $10,087,000 after acquiring an additional 1,320 shares in the last quarter. Private Wealth Partners LLC bought a new stake in Netflix in the third quarter worth approximately $201,000. Zweig DiMenna Associates LLC grew its position in Netflix by 32.6% in the third quarter. Zweig DiMenna Associates LLC now owns 153,333 shares of the Internet television network’s stock worth $27,807,000 after acquiring an additional 37,735 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Netflix in the third quarter worth approximately $4,204,000. 80.43% of the stock is owned by institutional investors.
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Several analysts have commented on the stock. Jefferies Group LLC set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a research report on Tuesday, October 17th. FBR & Co reissued a “buy” rating and issued a $207.00 target price (up from $172.00) on shares of Netflix in a research report on Tuesday, October 17th. Royal Bank Of Canada boosted their target price on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Finally, Pivotal Research boosted their target price on shares of Netflix from $200.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $207.20.
Netflix, Inc. (NFLX) traded up $3.82 during midday trading on Monday, hitting $195.84. 3,298,218 shares of the stock were exchanged, compared to its average volume of 8,340,000. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 12 month low of $110.68 and a 12 month high of $204.38. The firm has a market capitalization of $84,730.00, a P/E ratio of 193.96, a PEG ratio of 5.64 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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). 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 analyst estimates of $2.97 billion. During the same quarter last year, the business earned $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. sell-side analysts predict that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
In related news, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the transaction, the chief executive officer now directly owns 93,380 shares in the company, valued at $15,507,616.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $174.44, for a total transaction of $348,880.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,397,613.28. The disclosure for this sale can be found here. Insiders sold 342,372 shares of company stock worth $63,255,427 over the last quarter. 4.90% of the stock is owned by corporate insiders.
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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