Atlantic Trust Group LLC Acquires Shares of 22,195 Netflix, Inc. (NFLX)

Atlantic Trust Group LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,195 shares of the Internet television network’s stock, valued at approximately $4,025,000.

A number of other large investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Netflix during the third quarter valued at about $171,000. Public Employees Retirement System of Ohio raised its position in shares of Netflix by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock worth $51,848,000 after acquiring an additional 877 shares during the last quarter. Truepoint Inc. raised its position in shares of Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after acquiring an additional 400,197 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of Netflix by 161.0% during the third quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after acquiring an additional 9,850 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of Netflix during the third quarter worth about $215,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on NFLX. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $208.27 price objective for the company. in a research report on Tuesday. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a report on Tuesday, December 19th. Loop Capital restated a “buy” rating and set a $237.00 price objective on shares of Netflix in a report on Wednesday, December 6th. Evercore ISI began coverage on Netflix in a report on Wednesday, December 6th. They set an “in-line” rating and a $210.00 price objective for the company. Finally, Monness Crespi & Hardt began coverage on Netflix in a report on Monday, December 4th. They set a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $209.46.

In other news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the completion of the transaction, the director now owns 7,930 shares in the company, valued at $1,426,527.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,379 shares of company stock worth $66,175,098. Company insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $186.24 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52 week low of $123.60 and a 52 week high of $204.38. The company has a market capitalization of $80,910.00, a price-to-earnings ratio of 188.12, a price-to-earnings-growth ratio of 5.66 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. equities research analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current year.

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Netflix Profile

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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