Trustcore Financial Services LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, HoldingsChannel reports. The fund bought 2,770 shares of the Internet television network’s stock, valued at approximately $532,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Netflix by 103.9% during the 4th quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after purchasing an additional 675,267 shares during the period. Truepoint Inc. grew its position in Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after purchasing an additional 400,197 shares during the period. Wells Fargo & Company MN grew its position in Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after purchasing an additional 354,801 shares during the period. AGF Investments Inc. acquired a new stake in Netflix during the 3rd quarter worth about $60,036,000. Finally, American Century Companies Inc. grew its position in Netflix by 26.9% during the 3rd quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock worth $258,815,000 after purchasing an additional 302,857 shares during the period. 82.23% of the stock is currently owned by hedge funds and other institutional investors.
Netflix, Inc. (NASDAQ NFLX) opened at $278.52 on Monday. The firm has a market cap of $120,860.00, a PE ratio of 222.82, a P/E/G ratio of 3.82 and a beta of 1.04. Netflix, Inc. has a 12 month low of $138.26 and a 12 month high of $286.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 32.6% on a year-over-year basis. equities analysts anticipate that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.
In other Netflix news, Director Leslie J. Kilgore sold 630 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $279.00, for a total value of $175,770.00. Following the transaction, the director now directly owns 35,826 shares of the company’s stock, valued at approximately $9,995,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the completion of the transaction, the insider now directly owns 1,147 shares in the company, valued at $235,811.73. The disclosure for this sale can be found here. Insiders sold a total of 468,901 shares of company stock worth $107,604,303 over the last three months. Corporate insiders own 4.90% of the company’s stock.
Several brokerages have weighed in on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Credit Suisse Group reaffirmed a “neutral” rating and set a $266.00 price target (up from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Tuesday, January 23rd. SunTrust Banks set a $270.00 target price on Netflix and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Barclays assumed coverage on Netflix in a research report on Thursday, January 11th. They set an “overweight” rating and a $245.00 target price on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $239.39.
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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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