Accredited Investors Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 769 shares of the Internet television network’s stock, valued at approximately $274,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in Netflix by 17,848.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after buying an additional 23,798,143 shares during the last quarter. Norges Bank acquired a new position in Netflix during the fourth quarter worth approximately $1,209,406,000. Harris Associates L P increased its position in Netflix by 90.8% during the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock worth $832,301,000 after buying an additional 1,479,651 shares during the last quarter. Jennison Associates LLC increased its position in Netflix by 9.0% during the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after buying an additional 792,338 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in Netflix by 186.3% during the fourth quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock worth $204,475,000 after buying an additional 497,137 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
In other news, CEO Reed Hastings sold 52,458 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total value of $19,265,200.50. Following the completion of the transaction, the chief executive officer now directly owns 52,458 shares in the company, valued at approximately $19,265,200.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 342 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the transaction, the director now owns 342 shares of the company’s stock, valued at $123,120. The disclosure for this sale can be found here. Insiders have sold 184,381 shares of company stock valued at $64,721,327 over the last 90 days. Corporate insiders own 4.29% of the company’s stock.
NFLX has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “buy” rating and set a $421.00 price target on shares of Netflix in a research report on Tuesday, December 18th. Credit Suisse Group decreased their target price on Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 19th. BidaskClub raised Netflix from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $355.00 target price (down previously from $410.00) on shares of Netflix in a research report on Wednesday, January 2nd. Finally, Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a $400.00 target price on shares of Netflix in a research report on Friday, January 4th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $383.30.
NASDAQ NFLX traded up $1.62 on Wednesday, hitting $361.08. 10,350,078 shares of the company’s stock were exchanged, compared to its average volume of 7,023,976. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21. The stock has a market capitalization of $152.32 billion, a PE ratio of 134.73, a PEG ratio of 2.92 and a beta of 1.36.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, sell-side analysts expect that Netflix, Inc. will post 3.98 earnings per share for the current year.
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Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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