Neuberger Berman Group LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,874 shares of the Internet television network’s stock after buying an additional 2,723 shares during the period. Neuberger Berman Group LLC’s holdings in Netflix were worth $11,511,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NFLX. Clean Yield Group acquired a new position in shares of Netflix during the first quarter worth $103,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in 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 buying an additional 150 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in Netflix during the fourth quarter valued at approximately $114,000. CENTRAL TRUST Co increased its stake in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares in the last quarter. Finally, Intellectus Partners LLC bought a new stake in shares of Netflix during the fourth quarter worth about $117,000. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 1.01% on Tuesday, reaching $151.85. The company had a trading volume of 2,488,346 shares. The company has a 50-day moving average price of $158.47 and a 200-day moving average price of $143.35. Netflix, Inc. has a one year low of $84.50 and a one year high of $166.87. The firm has a market cap of $65.45 billion, a P/E ratio of 196.44 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post $1.04 earnings per share for the current fiscal year.
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Several research analysts recently issued reports on NFLX shares. Wedbush raised their target price on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $138.98 target price for the company in a research note on Monday, April 17th. Pivotal Research raised their target price on Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Netflix in a research report on Monday, April 17th. Finally, Cowen and Company lifted their target price on shares of Netflix from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average target price of $148.79.
In other news, insider Neil D. Hunt sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $163.52, for a total value of $4,088,000.00. Following the sale, the insider now directly owns 484,952 shares in the company, valued at $79,299,351.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 314,881 shares of company stock valued at $47,857,636. 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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