GYL Financial Synergies LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 81.0% in the first quarter, Holdings Channel reports. The fund owned 2,693 shares of the Internet television network’s stock after buying an additional 1,205 shares during the period. GYL Financial Synergies LLC’s holdings in Netflix were worth $960,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in Netflix by 5.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after purchasing an additional 27 shares during the period. Investment House LLC grew its position in shares of Netflix by 3.1% in the 1st quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock worth $340,000 after buying an additional 29 shares during the period. Argent Trust Co grew its position in shares of Netflix by 4.2% in the 4th quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock worth $200,000 after buying an additional 30 shares during the period. Johnson Financial Group Inc. grew its position in shares of Netflix by 3.9% in the 4th quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock worth $214,000 after buying an additional 30 shares during the period. Finally, Harfst & Associates Inc. grew its position in shares of Netflix by 3.5% in the 1st quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock worth $353,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 77.05% of the company’s stock.
NFLX traded down $4.09 during midday trading on Friday, hitting $339.34. 61,024 shares of the company traded hands, compared to its average volume of 5,097,457. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $151.09 billion, a P/E ratio of 127.03, a P/E/G ratio of 3.44 and a beta of 1.30. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21.
Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Research analysts forecast that Netflix, Inc. will post 3.34 EPS for the current fiscal year.
A number of analysts have recently weighed in on NFLX shares. ValuEngine raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barclays set a $375.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $440.00 target price on shares of Netflix in a research report on Wednesday, April 3rd. SunTrust Banks reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, April 12th. Finally, Rosenblatt Securities started coverage on shares of Netflix in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Netflix has an average rating of “Buy” and a consensus price target of $386.03.
In other Netflix news, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the transaction, the chief executive officer now owns 56,966 shares in the company, valued at approximately $21,119,574.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 166,838 shares of company stock worth $60,415,372 in the last 90 days. Company insiders own 4.29% of the company’s stock.
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Netflix Company Profile
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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