Smith Moore & CO. Has $456,000 Holdings in Netflix, Inc. (NFLX)
Smith Moore & CO. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 84.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,517 shares of the Internet television network’s stock after purchasing an additional 1,150 shares during the period. Smith Moore & CO.’s holdings in Netflix were worth $456,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Almanack Investment Partners LLC. bought a new stake in shares of Netflix during the second quarter worth $101,000. TD Capital Management LLC bought a new stake in shares of Netflix during the second quarter worth $105,000. Aviance Capital Management LLC bought a new stake in shares of Netflix during the second quarter worth $137,000. Captrust Financial Advisors bought a new stake in shares of Netflix during the second quarter worth $139,000. Finally, Harbour Capital Advisors LLC increased its position in shares of Netflix by 14,840.7% during the second quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after acquiring an additional 20,777 shares in the last quarter. Institutional investors own 80.68% of the company’s stock.
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A number of research analysts recently weighed in on NFLX shares. Jefferies Group LLC set a $190.00 target price on shares of Netflix and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the company a “sell” rating in a research report on Tuesday, October 17th. FBR & Co reaffirmed a “buy” rating and issued a $207.00 target price (up previously from $172.00) on shares of Netflix in a research report on Tuesday, October 17th. Royal Bank Of Canada raised their target price on shares of Netflix from $210.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Finally, Pivotal Research raised their target price on shares of Netflix from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have given a buy rating to the company. Netflix has an average rating of “Buy” and a consensus price target of $207.20.
In other Netflix news, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the sale, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at $15,507,616.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 339,487 shares of company stock valued at $62,635,407. 4.90% of the stock is owned by company insiders.
Netflix, Inc. (NFLX) traded up $0.12 on Tuesday, reaching $200.13. 5,834,857 shares of the company traded hands, compared to its average volume of 8,210,000. The company has a market capitalization of $84,690.00, a price-to-earnings ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a one year low of $110.68 and a one year high of $204.38.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. equities analysts predict that Netflix, Inc. will post 1.27 EPS for the current year.
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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