Netflix, Inc. (NFLX) Holdings Maintained by Opes Advisors Inc
Opes Advisors Inc continued to hold its stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,179 shares of the Internet television network’s stock at the close of the second quarter. Netflix accounts for about 2.4% of Opes Advisors Inc’s holdings, making the stock its 17th biggest position. Opes Advisors Inc’s holdings in Netflix were worth $3,869,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of NFLX. Almanack Investment Partners LLC. purchased a new position in shares of Netflix during the second quarter worth about $101,000. Clean Yield Group purchased a new position in shares of Netflix during the first quarter worth about $103,000. TD Capital Management LLC purchased a new position in shares of Netflix during the second quarter worth about $105,000. Appropriate Balance Financial Services Inc. grew its holdings in shares of Netflix by 5.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. 81.05% of the stock is currently owned by institutional investors.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.82% during midday trading on Wednesday, hitting $183.64. 2,174,297 shares of the stock were exchanged. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50. The stock’s 50 day moving average is $175.51 and its 200 day moving average is $158.22. The firm has a market cap of $79.29 billion, a P/E ratio of 223.41 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on NFLX. Jefferies Group LLC reissued a “hold” rating and set a $165.00 price target (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reissued a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $215.00 price target on shares of Netflix in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $178.70.
In other news, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the transaction, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The disclosure for this sale can be found here. Insiders sold a total of 349,435 shares of company stock worth $59,221,491 over the last 90 days. Company insiders own 4.90% of the company’s stock.
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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