Zweig DiMenna Associates LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,333 shares of the Internet television network’s stock after purchasing an additional 37,735 shares during the quarter. Netflix makes up approximately 2.5% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 8th largest holding. Zweig DiMenna Associates LLC’s holdings in Netflix were worth $27,807,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. FMR LLC lifted its holdings in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares in the last quarter. 80.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Netflix, Inc. (NFLX) traded down $1.88 during mid-day trading on Friday, hitting $192.02. The company’s stock had a trading volume of 6,622,100 shares, compared to its average volume of 8,039,365. Netflix, Inc. has a twelve month low of $110.68 and a twelve month high of $204.38. The stock has a market cap of $83,093.01, a PE ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. analysts forecast that Netflix, Inc. will post 1.28 EPS for the current fiscal year.
In related news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the sale, the director now directly owns 7,362 shares in the company, valued at approximately $1,453,111.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the sale, the chief executive officer now owns 93,380 shares of the company’s stock, valued at $15,507,616.60. The disclosure for this sale can be found here. Insiders have sold a total of 342,372 shares of company stock valued at $63,255,427 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on NFLX shares. Bank of America Corporation increased their price target on shares of Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. Loop Capital increased their price target on shares of Netflix from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Pivotal Research increased their price target on shares of Netflix from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average price target of $207.20.
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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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