HighPoint Advisor Group LLC Holds Holdings in Netflix, Inc. (NFLX)
HighPoint Advisor Group LLC maintained its position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,351 shares of the Internet television network’s stock at the end of the second quarter. HighPoint Advisor Group LLC’s holdings in Netflix were worth $1,325,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Tower Research Capital LLC TRC purchased a new stake in Netflix during the second quarter valued at approximately $1,045,000. Calamos Advisors LLC increased its holdings in Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Netflix during the second quarter valued at approximately $262,000. Guardian Life Insurance Co. of America increased its holdings in Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Netflix by 2.0% during 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 last quarter. 81.02% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “HighPoint Advisor Group LLC Holds Holdings in Netflix, Inc. (NFLX)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/10/13/highpoint-advisor-group-llc-holds-holdings-in-netflix-inc-nflx.html.
NFLX has been the subject of a number of research reports. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Canaccord Genuity upped their target price on shares of Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 target price (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 target price on shares of Netflix in a report on Friday, June 16th. Finally, Vetr cut shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price for the company. in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $190.99.
Netflix, Inc. (NASDAQ NFLX) traded up 1.07% during mid-day trading on Friday, reaching $197.95. 6,893,444 shares of the company were exchanged. The firm has a market capitalization of $85.46 billion, a P/E ratio of 240.82 and a beta of 1.09. Netflix, Inc. has a 1-year low of $98.38 and a 1-year high of $200.82. The stock has a 50-day moving average of $181.96 and a 200 day moving average of $165.19.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. Netflix’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts forecast that Netflix, Inc. will post $1.18 earnings per share for the current year.
In other news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 903 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $194.00, for a total value of $175,182.00. The disclosure for this sale can be found here. Insiders sold 318,067 shares of company stock valued at $57,315,706 over the last three months. Corporate 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.
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Stock Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related stocks with our FREE daily email newsletter.