Appleton Partners Inc. MA boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,420 shares of the Internet television network’s stock after purchasing an additional 275 shares during the period. Appleton Partners Inc. MA’s holdings in Netflix were worth $2,384,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Crow Point Partners LLC increased its stake in Netflix by 190.3% in the 4th quarter. Crow Point Partners LLC now owns 3,007 shares of the Internet television network’s stock worth $579,000 after purchasing an additional 1,971 shares during the period. DnB Asset Management AS increased its stake in Netflix by 2.2% in the 4th quarter. DnB Asset Management AS now owns 45,933 shares of the Internet television network’s stock worth $8,817,000 after purchasing an additional 981 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Netflix in the 4th quarter worth approximately $653,000. Prudential Financial Inc. increased its stake in Netflix by 5.6% in the 3rd quarter. Prudential Financial Inc. now owns 630,966 shares of the Internet television network’s stock worth $114,425,000 after purchasing an additional 33,237 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $4,025,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.
In other Netflix news, CEO Reed Hastings sold 83,335 shares of Netflix stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the transaction, the chief executive officer now owns 83,335 shares in the company, valued at $16,066,154.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $211.27, for a total value of $147,889.00. Following the transaction, the director now owns 36,022 shares of the company’s stock, valued at approximately $7,610,367.94. The disclosure for this sale can be found here. Insiders have sold 340,107 shares of company stock valued at $66,056,576 in the last quarter. 4.90% of the stock is owned by company insiders.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. sell-side analysts predict that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
NFLX has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Sunday, September 17th. Jefferies Group set a $165.00 price objective on Netflix and gave the stock a “neutral” rating in a research report on Monday, September 18th. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Finally, Vetr lowered Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price objective on the stock. in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average target price of $211.77.
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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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