Tower Research Capital LLC TRC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 346.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,420 shares of the Internet television network’s stock after purchasing an additional 4,205 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Netflix were worth $1,451,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 3.5% in the second quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after buying an additional 1,118,349 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Netflix by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock worth $5,784,623,000 after purchasing an additional 297,582 shares in the last quarter. Baillie Gifford & Co. boosted its position in Netflix by 2.2% during the second quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock worth $2,844,343,000 after purchasing an additional 163,289 shares in the last quarter. Invesco Ltd. boosted its position in Netflix by 39.1% during the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after purchasing an additional 2,039,046 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Netflix by 1.3% during the second quarter. Northern Trust Corp now owns 5,011,246 shares of the Internet television network’s stock worth $1,840,730,000 after purchasing an additional 62,742 shares in the last quarter. Institutional investors and hedge funds own 79.22% of the company’s stock.
In related news, CEO Reed Hastings sold 43,372 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $266.57, for a total value of $11,561,674.04. Following the completion of the sale, the chief executive officer now owns 43,372 shares of the company’s stock, valued at $11,561,674.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 135,702 shares of company stock valued at $38,290,015. Insiders own 3.72% of the company’s stock.
Shares of Netflix stock traded down $8.90 during mid-day trading on Wednesday, reaching $283.11. 9,228,000 shares of the stock traded hands, compared to its average volume of 8,158,050. The business has a 50-day moving average of $278.12 and a 200 day moving average of $321.34. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $385.99. The stock has a market capitalization of $127.66 billion, a PE ratio of 105.64, a PEG ratio of 2.92 and a beta of 1.25. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.42. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s revenue was up 31.2% compared to the same quarter last year. On average, equities research analysts expect that Netflix, Inc. will post 3.33 EPS for the current fiscal year.
NFLX has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Netflix from $450.00 to $400.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Guggenheim lowered their price target on Netflix from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Raymond James lowered their price target on Netflix from $450.00 to $415.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 14th. Aegis reiterated a “hold” rating and set a $275.00 price target on shares of Netflix in a research report on Tuesday, October 22nd. Finally, UBS Group set a $370.00 price target on Netflix and gave the stock a “buy” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $369.54.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
Featured Article: Why do commodities matter?
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.