WINTON GROUP Ltd trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 41.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,268 shares of the Internet television network’s stock after selling 5,240 shares during the period. WINTON GROUP Ltd’s holdings in Netflix were worth $2,147,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. James Hambro & Partners acquired a new stake in Netflix in the 4th quarter valued at about $106,000. Wagner Wealth Management LLC acquired a new stake in Netflix in the 4th quarter valued at about $125,000. Braun Bostich & Associates Inc. acquired a new stake in Netflix in the 1st quarter valued at about $142,000. TCI Wealth Advisors Inc. lifted its stake in Netflix by 710.8% in the 1st quarter. TCI Wealth Advisors Inc. now owns 527 shares of the Internet television network’s stock valued at $156,000 after purchasing an additional 462 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Netflix by 91.4% in the 1st quarter. Whittier Trust Co. now owns 536 shares of the Internet television network’s stock valued at $158,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Monness Crespi & Hardt raised their target price on shares of Netflix from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, April 17th. Piper Jaffray Companies raised their target price on shares of Netflix from $367.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, June 19th. BMO Capital Markets reiterated a “hold” rating and issued a $310.00 target price on shares of Netflix in a research note on Monday, April 16th. Sanford C. Bernstein raised their target price on shares of Netflix from $340.00 to $372.00 and gave the company an “outperform” rating in a research note on Tuesday, April 17th. Finally, Credit Suisse Group raised their target price on shares of Netflix from $286.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, April 17th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus price target of $300.45.
Shares of Netflix opened at $384.48 on Tuesday, MarketBeat reports. The company has a market capitalization of $178.70 billion, a P/E ratio of 307.58, a PEG ratio of 5.34 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix, Inc. has a 1 year low of $144.25 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $3.70 billion for 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 period last year, the firm posted $0.40 earnings per share. equities analysts predict that Netflix, Inc. will post 2.89 EPS for the current fiscal year.
In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $420.57, for a total value of $294,399.00. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $3,109,274.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 75,558 shares of Netflix stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $324.71, for a total transaction of $24,534,438.18. Following the completion of the transaction, the chief executive officer now directly owns 75,558 shares in the company, valued at $24,534,438.18. The disclosure for this sale can be found here. Insiders sold 287,982 shares of company stock worth $102,435,098 over the last three months. 4.29% of the stock is currently owned by insiders.
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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