Moors & Cabot Inc. Has $560,000 Stake in Netflix, Inc. (NFLX)

Moors & Cabot Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the Internet television network’s stock after purchasing an additional 210 shares during the quarter. Moors & Cabot Inc.’s holdings in Netflix were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NFLX. Trustcore Financial Services LLC raised its stake in Netflix by 5.9% during the 1st quarter. Trustcore Financial Services LLC now owns 2,933 shares of the Internet television network’s stock worth $866,000 after acquiring an additional 163 shares in the last quarter. Mason Street Advisors LLC raised its stake in Netflix by 0.3% during the 1st quarter. Mason Street Advisors LLC now owns 60,448 shares of the Internet television network’s stock worth $17,853,000 after acquiring an additional 172 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Netflix by 5.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,439 shares of the Internet television network’s stock worth $1,016,000 after acquiring an additional 179 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in Netflix by 5.2% during the 1st quarter. Arete Wealth Advisors LLC now owns 4,013 shares of the Internet television network’s stock worth $1,185,000 after acquiring an additional 198 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in Netflix by 11.4% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,950 shares of the Internet television network’s stock worth $576,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Shares of Netflix opened at $415.44 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market cap of $181.16 billion, a price-to-earnings ratio of 332.35, a price-to-earnings-growth ratio of 5.41 and a beta of 1.00. Netflix, Inc. has a 12-month low of $144.25 and a 12-month high of $423.21.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. research analysts anticipate that Netflix, Inc. will post 2.89 earnings per share for the current year.

NFLX has been the topic of several research analyst reports. Vetr lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $266.74 price target on the stock. in a research note on Thursday, February 22nd. UBS Group lifted their price target on shares of Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Macquarie lifted their price objective on shares of Netflix from $275.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. Stifel Nicolaus lowered shares of Netflix from a “buy” rating to a “hold” rating and lifted their price objective for the company from $283.00 to $325.00 in a research note on Tuesday, March 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $340.00 price objective (up from $302.00) on shares of Netflix in a research note on Friday, March 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $300.45.

In other news, insider Gregory K. Peters sold 7,133 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $350.00, for a total value of $2,496,550.00. Following the completion of the transaction, the insider now owns 20,223 shares of the company’s stock, valued at $7,078,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 86,037 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $329.73, for a total transaction of $28,368,980.01. Following the completion of the transaction, the chief executive officer now directly owns 86,037 shares of the company’s stock, valued at approximately $28,368,980.01. The disclosure for this sale can be found here. In the last three months, insiders sold 287,282 shares of company stock valued at $102,140,699. Company insiders own 4.29% of the company’s stock.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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