Keybank National Association OH lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,067 shares of the Internet television network’s stock after selling 3,714 shares during the period. Keybank National Association OH’s holdings in Netflix were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Balentine LLC lifted its holdings in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares in the last quarter. Goodman Financial Corp purchased a new position in shares of Netflix in the 4th quarter valued at about $163,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at about $171,000. Finally, Grove Bank & Trust increased its stake in shares of Netflix by 249.6% in the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after purchasing an additional 684 shares in the last quarter. 82.23% of the stock is owned by institutional investors and hedge funds.
In related news, insider Theodore A. Sarandos sold 163,747 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total value of $43,050,723.77. Following the transaction, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the transaction, the director now owns 7,171 shares in the company, valued at $1,331,726.41. The disclosure for this sale can be found here. Insiders sold 393,658 shares of company stock valued at $92,837,864 over the last 90 days. Company insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $278.55 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $120,863.31, a P/E ratio of 222.82, a PEG ratio of 3.82 and a beta of 1.04. Netflix, Inc. has a 52-week low of $138.26 and a 52-week high of $286.81.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. sell-side analysts predict that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
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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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