Sciencast Management LP purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,230 shares of the Internet television network’s stock, valued at approximately $638,000.
A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Capital International Investors grew its holdings in shares of Netflix by 27.3% in the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock worth $5,142,631,000 after purchasing an additional 2,936,451 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 15.1% during the first quarter. Jennison Associates LLC now owns 8,950,493 shares of the Internet television network’s stock valued at $3,360,910,000 after buying an additional 1,174,164 shares during the period. Geode Capital Management LLC raised its position in shares of Netflix by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 6,527,589 shares of the Internet television network’s stock worth $2,446,123,000 after purchasing an additional 399,048 shares during the last quarter. Sands Capital Management LLC raised its position in shares of Netflix by 30.7% in the 1st quarter. Sands Capital Management LLC now owns 5,536,697 shares of the Internet television network’s stock worth $2,079,030,000 after purchasing an additional 1,299,967 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Netflix by 181.8% in the 1st quarter. Wellington Management Group LLP now owns 3,373,506 shares of the Internet television network’s stock worth $1,266,751,000 after purchasing an additional 2,176,569 shares during the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.
Shares of NASDAQ NFLX opened at $488.88 on Friday. The firm has a market cap of $214.25 billion, a PE ratio of 82.44, a PEG ratio of 2.58 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.64. Netflix, Inc. has a 1-year low of $252.28 and a 1-year high of $575.37. The company has a fifty day moving average price of $476.08 and a 200 day moving average price of $407.12.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $1.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.22). Netflix had a return on equity of 33.32% and a net margin of 11.85%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 6.28 EPS for the current year.
A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on Netflix from $485.00 to $575.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Bank of America reiterated a “buy” rating and set a $625.00 price objective on shares of Netflix in a research note on Monday, July 13th. Citigroup boosted their price target on Netflix from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. ValuEngine cut Netflix from a “buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Imperial Capital increased their price target on Netflix from $485.00 to $489.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $483.56.
In other Netflix news, Director Leslie J. Kilgore sold 1,481 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $485.57, for a total transaction of $719,129.17. Following the transaction, the director now owns 35,643 shares in the company, valued at approximately $17,307,171.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 5,366 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $450.00, for a total transaction of $2,414,700.00. Following the transaction, the insider now owns 18,456 shares in the company, valued at approximately $8,305,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,612 shares of company stock valued at $90,145,458. Company insiders own 3.40% of the company’s stock.
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.
Further Reading: What does earnings per share mean?
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.