23,600 Shares in Netflix, Inc. (NFLX) Purchased by Gabelli Funds LLC

Gabelli Funds LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,600 shares of the Internet television network’s stock, valued at approximately $4,280,000.

Several other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares during the period. M Holdings Securities Inc. lifted its holdings in shares of Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after acquiring an additional 12 shares during the period. Heritage Investors Management Corp lifted its holdings in shares of Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after acquiring an additional 12 shares during the period. Kalos Management Inc. lifted its holdings in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the period. Finally, Northwest Wealth Management LLC lifted its holdings in shares of Netflix by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after acquiring an additional 15 shares during the period. 80.43% of the stock is owned by institutional investors.

In related news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 93,380 shares of Netflix stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the completion of the transaction, the chief executive officer now directly owns 93,380 shares in the company, valued at $15,507,616.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 342,372 shares of company stock worth $63,255,427. 4.90% of the stock is owned by insiders.

A number of analysts have recently weighed in on NFLX shares. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $164.65 price target for the company. in a report on Monday, July 17th. Instinet reaffirmed a “buy” rating and set a $175.00 price target (up previously from $165.00) on shares of Netflix in a report on Monday, July 17th. Nomura set a $175.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Monday, July 17th. 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 analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have assigned a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $207.20.

Netflix, Inc. (NASDAQ NFLX) opened at $192.02 on Monday. The company has a market cap of $83,090.00, a P/E ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39. Netflix, Inc. has a one year low of $110.68 and a one year high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the 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 business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue was up 30.3% compared to the same quarter last year. sell-side analysts predict that Netflix, Inc. will post 1.28 EPS for the current fiscal year.

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Netflix 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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