Caxton Associates LP Purchases Shares of 30,000 Netflix, Inc. (NASDAQ:NFLX)
Caxton Associates LP acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,000 shares of the Internet television network’s stock, valued at approximately $4,434,000.
A number of other large investors have also recently modified their holdings of NFLX. Guardian Life Insurance Co. of America boosted its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC boosted its stake in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the period. Banco Santander S.A. bought a new stake in Netflix during the first quarter valued at approximately $43,264,000. Bronfman E.L. Rothschild L.P. boosted its stake in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the period. Finally, Twin Capital Management Inc. boosted its stake in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock valued at $2,498,000 after buying an additional 130 shares during the period. Institutional investors own 82.57% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) traded up 0.58% during midday trading on Friday, hitting $180.27. The stock had a trading volume of 4,489,732 shares. The stock has a 50 day moving average price of $163.28 and a 200-day moving average price of $151.74. The stock has a market capitalization of $77.83 billion, a price-to-earnings ratio of 219.31 and a beta of 1.02. Netflix, Inc. has a 52 week low of $91.82 and a 52 week high of $191.50.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post $1.17 earnings per share for the current year.
NFLX has been the subject of several analyst reports. Pivotal Research upped their price target on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $170.00 price objective on shares of Netflix in a research report on Friday, April 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 target price (up previously from $148.64) on shares of Netflix in a report on Thursday, April 13th. Loop Capital reissued a “buy” rating and issued a $167.00 target price on shares of Netflix in a report on Monday, April 10th. Finally, Stifel Nicolaus upped their target price on Netflix from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $174.36.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $187.75, for a total transaction of $375,500.00. Following the completion of the sale, the director now directly owns 7,198 shares in the company, valued at $1,351,424.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders have sold 423,801 shares of company stock valued at $70,183,121 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.
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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