AMP Capital Investors Ltd Boosts Position in Netflix, Inc. (NFLX)

AMP Capital Investors Ltd boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,419 shares of the Internet television network’s stock after buying an additional 18,110 shares during the period. AMP Capital Investors Ltd’s holdings in Netflix were worth $37,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Almanack Investment Partners LLC. acquired a new position in shares of Netflix during the second quarter valued at $101,000. Aviance Capital Management LLC acquired a new position in shares of Netflix during the second quarter valued at $137,000. Captrust Financial Advisors acquired a new position in shares of Netflix during the second quarter valued at $139,000. Harbour Capital Advisors LLC increased its holdings in shares of Netflix by 14,840.7% during the second quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock valued at $140,000 after purchasing an additional 20,777 shares during the period. Finally, Harfst & Associates Inc. increased its holdings in shares of Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after purchasing an additional 273 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

In other Netflix news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the sale, the director now directly owns 7,362 shares in the company, valued at approximately $1,453,111.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was 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 have sold a total of 323,935 shares of company stock valued at $62,565,812 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

A number of research analysts have recently commented on NFLX shares. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price target on shares of Netflix in a report on Monday, September 18th. Loop Capital raised their price target on Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 price target on shares of Netflix in a report on Friday, October 6th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a report on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating and set a $190.00 price target on shares of Netflix in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus price target of $209.65.

Netflix, Inc. (NASDAQ NFLX) opened at $185.30 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1 year low of $121.73 and a 1 year high of $204.38. The firm has a market capitalization of $79,713.40, a price-to-earnings ratio of 186.07, a P/E/G ratio of 5.47 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share 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 company 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 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. research analysts expect that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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