Chicago Partners Investment Group LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 26.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,541 shares of the Internet television network’s stock after selling 1,251 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Netflix were worth $1,150,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $54,000. Csenge Advisory Group purchased a new stake in shares of Netflix during the third quarter worth about $62,000. MCF Advisors LLC purchased a new stake in shares of Netflix during the third quarter worth about $108,000. Perennial Advisors LLC grew its position in shares of Netflix by 2,021.4% during the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock worth $111,000 after purchasing an additional 283 shares in the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Netflix during the third quarter worth about $113,000. 73.97% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO David B. Wells sold 588 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $283.79, for a total transaction of $166,868.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 63,147 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the sale, the chief executive officer now directly owns 63,147 shares of the company’s stock, valued at $15,226,004.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,664 shares of company stock valued at $84,528,831. Company insiders own 4.29% of the company’s stock.
Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, research analysts forecast that Netflix, Inc. will post 2.63 earnings per share for the current year.
Several analysts recently issued reports on the company. Credit Suisse Group reiterated a “buy” rating and set a $470.00 target price on shares of Netflix in a research report on Monday, October 1st. Goldman Sachs Group set a $470.00 price target on Netflix and gave the company a “buy” rating in a report on Tuesday, October 2nd. Macquarie set a $388.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, September 26th. Sanford C. Bernstein restated a “buy” rating and set a $465.00 price target on shares of Netflix in a report on Wednesday, October 17th. Finally, Nomura restated a “neutral” rating and set a $370.00 price target on shares of Netflix in a report on Wednesday, October 17th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $365.74.
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Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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