Sigma Planning Corp raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,049 shares of the Internet television network’s stock after buying an additional 1,095 shares during the quarter. Sigma Planning Corp’s holdings in Netflix were worth $1,822,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix during the second quarter worth about $1,045,000. Lincoln National Corp lifted its position in shares of Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Netflix during the second quarter worth about $262,000. Finally, BB&T Corp lifted its position in shares of Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
Netflix, Inc. (NFLX) traded down $0.31 during trading on Tuesday, reaching $194.77. The company had a trading volume of 1,881,302 shares, compared to its average volume of 8,250,000. The firm has a market cap of $84,360.00, a price-to-earnings ratio of 193.96, a PEG ratio of 5.64 and a beta of 1.39. 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.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. sell-side analysts anticipate that Netflix, Inc. will post 1.28 earnings per share for the current year.
NFLX has been the topic of several research reports. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Citigroup Inc. increased their price target on shares of Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Vetr lowered shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price on the stock. in a research note on Monday, September 18th. Robert W. Baird restated a “hold” rating and set a $175.00 target price on shares of Netflix in a research note on Friday, September 1st. Finally, Morgan Stanley set a $210.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $207.20.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $195.84, for a total value of $195,840.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $195,840. The disclosure for this sale can be found here. Insiders have sold a total of 342,372 shares of company stock worth $63,255,427 over the last three months. 4.90% of the stock is currently 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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