DSC Advisors L.P. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,644 shares of the Internet television network’s stock after selling 201 shares during the quarter. DSC Advisors L.P.’s holdings in Netflix were worth $508,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Navellier & Associates Inc boosted its holdings in shares of Netflix by 8.4% in the 4th quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock valued at $766,000 after purchasing an additional 309 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Netflix by 1,148.5% in the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after purchasing an additional 13,242 shares during the last quarter. Arthur M. Cohen & Associates LLC acquired a new position in shares of Netflix during the 4th quarter valued at $1,082,000. ARK Investment Management LLC lifted its holdings in shares of Netflix by 47.0% during the 4th quarter. ARK Investment Management LLC now owns 139,238 shares of the Internet television network’s stock valued at $26,728,000 after acquiring an additional 44,542 shares in the last quarter. Finally, Advantage Investment Management LLC lifted its holdings in shares of Netflix by 927.4% during the 4th quarter. Advantage Investment Management LLC now owns 1,387 shares of the Internet television network’s stock valued at $266,000 after acquiring an additional 1,252 shares in the last quarter. Institutional investors own 81.64% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $315.88 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix, Inc. has a 1 year low of $138.66 and a 1 year high of $333.98. The firm has a market cap of $137,080.00, a PE ratio of 220.90, a P/E/G ratio of 4.41 and a beta of 0.95.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. research analysts expect that Netflix, Inc. will post 2.73 earnings per share for the current year.
Several equities analysts recently weighed in on the stock. Piper Jaffray Companies lifted their target price on shares of Netflix to $360.00 and gave the company an “overweight” rating in a report on Friday, March 9th. Sanford C. Bernstein restated an “outperform” rating and set a $340.00 target price (up previously from $302.00) on shares of Netflix in a report on Friday, March 9th. Stifel Nicolaus lowered shares of Netflix from a “buy” rating to a “hold” rating and lifted their target price for the company from $283.00 to $325.00 in a report on Tuesday, March 6th. Macquarie lifted their target price on shares of Netflix from $275.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, March 5th. Finally, UBS Group lifted their target price on shares of Netflix from $290.00 to $345.00 and gave the company a “buy” rating in a report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $244.79.
In other Netflix news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $321.85, for a total transaction of $225,295.00. Following the completion of the transaction, the director now directly owns 7,353 shares of the company’s stock, valued at approximately $2,366,563.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory K. Peters sold 9,618 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $325.00, for a total transaction of $3,125,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 473,489 shares of company stock valued at $116,251,464 over the last three months. 4.90% of the stock is currently owned by company 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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