United Services Automobile Association lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,783 shares of the Internet television network’s stock after purchasing an additional 42,010 shares during the quarter. United Services Automobile Association’s holdings in Netflix were worth $133,001,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Private Capital Group LLC boosted its position in shares of Netflix by 33.1% in the 2nd quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock worth $291,000 after purchasing an additional 185 shares in the last quarter. Braun Bostich & Associates Inc. acquired a new stake in Netflix during the 1st quarter worth about $142,000. Morgan Stanley lifted its position in Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock worth $925,600,000 after acquiring an additional 37,425 shares during the period. Mackay Shields LLC lifted its position in Netflix by 3.0% during the 2nd quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock worth $66,284,000 after acquiring an additional 4,917 shares during the period. Finally, Iron Financial LLC acquired a new stake in Netflix during the 2nd quarter worth about $579,000. 73.72% of the stock is owned by hedge funds and other institutional investors.
Shares of NFLX stock traded up $2.68 on Thursday, hitting $380.56. The company had a trading volume of 315,903 shares, compared to its average volume of 8,481,725. The stock has a market cap of $160.87 billion, a PE ratio of 301.35, a price-to-earnings-growth ratio of 4.61 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. Netflix, Inc. has a twelve month low of $176.58 and a twelve month high of $423.21.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. sell-side analysts anticipate that Netflix, Inc. will post 2.67 earnings per share for the current fiscal year.
In related news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $385.05, for a total value of $385,050.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $385,050. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $416.62, for a total value of $291,634.00. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $3,080,071.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 420,778 shares of company stock valued at $149,888,468. 4.29% of the stock is owned by company insiders.
A number of analysts have commented on NFLX shares. Goldman Sachs Group reaffirmed a “$375.13” rating and set a $470.00 price target on shares of Netflix in a research report on Wednesday, July 18th. Monness Crespi & Hardt lifted their price target on Netflix from $375.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Oppenheimer reaffirmed a “buy” rating and set a $370.00 price target on shares of Netflix in a research report on Thursday, June 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $360.00 price target on shares of Netflix in a research report on Friday, June 1st. Finally, Macquarie set a $430.00 price target on Netflix and gave the stock a “buy” rating in a research report on Thursday, June 28th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have given a buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $355.69.
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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