2,095 Shares in Netflix, Inc. (NFLX) Purchased by Global Financial Private Capital LLC
Global Financial Private Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,095 shares of the Internet television network’s stock, valued at approximately $313,000.
Several other large investors also recently added to or reduced their stakes in NFLX. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the second quarter valued at about $101,000. TD Capital Management LLC acquired a new stake in shares of Netflix in the second quarter valued at about $105,000. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after acquiring an additional 706 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Netflix in the first quarter valued at about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after acquiring an additional 150 shares during the last quarter. 81.03% of the stock is currently owned by institutional investors and hedge funds.
NFLX has been the topic of a number of recent research reports. Instinet reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a “buy” rating in a research report on Wednesday, August 30th. Canaccord Genuity lifted their target price on Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, June 16th. Morgan Stanley reissued an “overweight” rating and set a $185.00 price target (up previously from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price target on shares of Netflix in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.01.
In related news, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold 308,325 shares of company stock worth $55,447,238 in the last three months. 4.90% of the stock is currently owned by insiders.
Shares of Netflix, Inc. (NASDAQ NFLX) traded down 0.99% during trading on Thursday, reaching $180.17. 921,660 shares of the company traded hands. The firm’s 50 day moving average is $175.28 and its 200-day moving average is $160.06. Netflix, Inc. has a 12-month low of $94.04 and a 12-month high of $191.50. The stock has a market capitalization of $77.79 billion, a P/E ratio of 219.18 and a beta of 1.05. Netflix also was the target of unusually large options trading activity on Monday. Traders bought 40,539 put options on the stock. This is an increase of approximately 103% compared to the typical daily volume of 19,944 put options.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 32.3% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.
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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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