Legal & General Group Plc boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,855,088 shares of the Internet television network’s stock after purchasing an additional 58,691 shares during the quarter. Legal & General Group Plc owned about 0.43% of Netflix worth $336,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the 2nd quarter worth $101,000. Aviance Capital Management LLC bought a new position in shares of Netflix in the 2nd quarter worth $137,000. Captrust Financial Advisors bought a new position in shares of Netflix in the 2nd quarter worth $139,000. Harbour Capital Advisors LLC increased its holdings in shares of Netflix by 14,840.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after buying an additional 20,777 shares during the last quarter. Finally, Perennial Advisors LLC bought a new position in shares of Netflix in the 2nd quarter worth $142,000. Institutional investors and hedge funds own 80.32% of the company’s stock.
Shares of Netflix, Inc. (NFLX) opened at $195.75 on Monday. Netflix, Inc. has a 12 month low of $113.95 and a 12 month high of $204.38. The company has a market cap of $84,707.09, a P/E ratio of 197.73, a PEG ratio of 5.82 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 announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s revenue was up 30.3% compared to the same quarter last year. research analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
A number of equities analysts have recently commented on NFLX shares. Piper Jaffray Companies reissued an “overweight” rating and issued a $215.00 price target (up previously from $198.00) on shares of Netflix in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $165.00 price target (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Wedbush reissued a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $207.20.
In other news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at $203,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the completion of the sale, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Insiders sold 326,935 shares of company stock valued at $63,034,672 over the last quarter. Company insiders own 4.90% of the company’s stock.
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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