Envestnet Asset Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 65.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,187 shares of the Internet television network’s stock after buying an additional 7,223 shares during the period. Envestnet Asset Management Inc.’s holdings in Netflix were worth $3,298,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $101,000. Aviance Capital Management LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $137,000. Captrust Financial Advisors bought a new stake in shares of Netflix in the 2nd quarter worth approximately $139,000. Harfst & Associates Inc. lifted its holdings in shares of Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of Netflix by 249.6% in the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. 83.37% of the stock is currently owned by institutional investors.
Netflix, Inc. (NASDAQ NFLX) opened at $185.73 on Wednesday. Netflix, Inc. has a 1 year low of $122.50 and a 1 year high of $204.38. The stock has a market capitalization of $81,587.12, a price-to-earnings ratio of 190.44, a PEG ratio of 5.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. sell-side analysts predict that Netflix, Inc. will post 1.26 earnings per share for the current year.
Several brokerages recently issued reports on NFLX. Stifel Nicolaus raised their price target on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $225.00 price target (up previously from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target on the stock in a report on Thursday, October 19th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, CIBC reissued an “outperform” rating and issued a $215.00 price target (up previously from $200.00) on shares of Netflix in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $209.65.
In other news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total transaction of $368,600.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,476,611.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the transaction, the director now owns 1,015 shares in the company, valued at $203,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 325,285 shares of company stock worth $62,818,751. 4.90% of the stock is owned by insiders.
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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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