Netflix, Inc. (NFLX) Position Held by BRYN MAWR TRUST Co
BRYN MAWR TRUST Co continued to hold its position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,350 shares of the Internet television network’s stock at the end of the second quarter. BRYN MAWR TRUST Co’s holdings in Netflix were worth $351,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of NFLX. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $101,000. TD Capital Management LLC acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $105,000. SRS Capital Advisors Inc. lifted its stake in shares of Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares during the period. Harfst & Associates Inc. acquired a new stake in shares of Netflix in the 1st quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Netflix by 24.2% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after acquiring an additional 150 shares during the period. 81.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 185.51 on Thursday. The firm has a market capitalization of $80.09 billion, a P/E ratio of 225.68 and a beta of 1.05. The stock has a 50 day moving average of $175.28 and a 200-day moving average of $160.06. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
NFLX has been the subject of a number of research analyst reports. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $168.56 price target for the company. in a research note on Monday, June 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $165.00 price target on shares of Netflix in a research note on Thursday, May 25th. Instinet reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, June 2nd. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $178.00 price target on shares of Netflix in a research note on Wednesday, May 31st. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 price target (up from $175.00) on shares of Netflix in a research note on Monday, May 29th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $178.10.
In other news, CEO Reed Hastings sold 109,214 shares of the company’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 transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total value of $308,620.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,236,331.72. The disclosure for this sale can be found here. Insiders have sold 235,858 shares of company stock worth $41,949,573 over the last ninety days. 4.90% of the stock is owned by insiders.
Netflix Company Profile
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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