Girard Partners LTD. Raises Position in Netflix, Inc. (NFLX)
Girard Partners LTD. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,590 shares of the Internet television network’s stock after purchasing an additional 400 shares during the quarter. Girard Partners LTD.’s holdings in Netflix were worth $651,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of NFLX. Almanack Investment Partners LLC. acquired a new position in Netflix during the second quarter worth $101,000. Aviance Capital Management LLC acquired a new position in Netflix during the second quarter worth $137,000. Captrust Financial Advisors acquired a new position in Netflix during the second quarter worth $139,000. Harbour Capital Advisors LLC raised its stake in 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. Finally, Perennial Advisors LLC acquired a new position in Netflix during the second quarter worth $142,000. 80.32% of the stock is owned by hedge funds and other institutional investors.
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Netflix, Inc. (NASDAQ:NFLX) traded up $0.45 during trading on Monday, hitting $193.65. The stock had a trading volume of 2,000,065 shares, compared to its average volume of 6,689,182. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12 month low of $113.51 and a 12 month high of $204.38. The firm has a market cap of $83,630.00, a PE ratio of 195.15, a P/E/G ratio of 5.74 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company earned $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. research analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current year.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The sale 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 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,692 shares of company stock valued at $48,074,934. Insiders own 4.90% of the company’s stock.
A number of brokerages have recently weighed in on NFLX. Jefferies Group LLC set a $190.00 target price on Netflix and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on Netflix and gave the company a “sell” rating in a research note on Tuesday, October 17th. FBR & Co restated a “buy” rating and issued a $207.00 target price (up from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Royal Bank Of Canada raised their target price on Netflix from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Finally, Pivotal Research raised their target price on Netflix from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $207.20.
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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