Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,195 shares of the Internet television network’s stock, valued at approximately $4,204,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Almanack Investment Partners LLC. purchased a new position in shares of Netflix in the second quarter worth about $101,000. TD Capital Management LLC purchased a new position in Netflix during the 2nd quarter valued at about $105,000. Aviance Capital Management LLC purchased a new position in Netflix during the 2nd quarter valued at about $137,000. Captrust Financial Advisors purchased a new position in Netflix during the 2nd quarter valued at about $139,000. Finally, Harbour Capital Advisors LLC increased its holdings in Netflix by 14,840.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock valued at $140,000 after purchasing an additional 20,777 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.
NFLX has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $203.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. boosted their price target on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr downgraded Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price target on the stock. in a report on Monday, September 18th. Robert W. Baird restated a “hold” rating and set a $175.00 price target on shares of Netflix in a report on Friday, September 1st. Finally, Morgan Stanley set a $210.00 price target on Netflix and gave the company a “buy” rating in a report on Tuesday, July 18th. One investment 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. The company presently has an average rating of “Buy” and an average target price of $207.20.
Netflix, Inc. (NFLX) opened at $195.08 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $83,093.03, a PE ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39. Netflix, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $204.38.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. equities research analysts predict that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
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In other news, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were 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 directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders sold a total of 342,372 shares of company stock worth $63,255,427 over the last quarter. 4.90% of the stock is currently owned by company insiders.
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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