Sumitomo Mitsui Asset Management Company LTD lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,967 shares of the Internet television network’s stock after selling 12,192 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Netflix were worth $28,828,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its position in shares of Netflix by 7.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock valued at $17,439,000 after acquiring an additional 7,006 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Netflix by 0.3% in the third quarter. Pictet Asset Management Ltd. now owns 578,583 shares of the Internet television network’s stock valued at $104,926,000 after acquiring an additional 1,610 shares during the last quarter. Segment Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter valued at about $214,000. Calamos Advisors LLC increased its position in shares of Netflix by 6.5% in the third quarter. Calamos Advisors LLC now owns 222,425 shares of the Internet television network’s stock valued at $40,337,000 after acquiring an additional 13,480 shares during the last quarter. Finally, Benchmark Capital Advisors increased its position in shares of Netflix by 9.7% in the third quarter. Benchmark Capital Advisors now owns 3,400 shares of the Internet television network’s stock valued at $617,000 after acquiring an additional 300 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.
Netflix, Inc. (NASDAQ:NFLX) traded up 0.11% on Monday, reaching $199.75. 3,254,290 shares of the company were exchanged. Netflix, Inc. has a 12-month low of $110.68 and a 12-month high of $204.38. The firm has a 50-day moving average of $189.03 and a 200 day moving average of $169.22. The firm has a market capitalization of $86.37 billion, a P/E ratio of 199.55 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. On average, equities analysts predict that Netflix, Inc. will post $1.25 earnings per share for the current year.
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In other Netflix news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at $1,453,136.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,409 shares of company stock valued at $50,072,727. Corporate insiders own 4.90% of the company’s stock.
A number of analysts recently issued reports on NFLX shares. MKM Partners reaffirmed a “buy” rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $167.28 price target on the stock. in a research report on Monday, July 10th. Credit Suisse Group set a $154.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Wedbush reissued an “underperform” rating and set a $73.00 price target on shares of Netflix in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $207.20.
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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