Global Financial Private Capital LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,917 shares of the Internet television network’s stock after selling 5,244 shares during the quarter. Global Financial Private Capital LLC’s holdings in Netflix were worth $1,316,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. Versant Capital Management Inc increased its holdings in Netflix by 59.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. NuWave Investment Management LLC boosted its holdings in shares of Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Netflix by 85.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 137 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 63 shares in the last quarter. Avondale Wealth Management increased its position in shares of Netflix by 216.0% in the 4th quarter. Avondale Wealth Management now owns 158 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 108 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. grew its position in shares of Netflix by 138.0% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 169 shares of the Internet television network’s stock valued at $45,000 after buying an additional 98 shares during the last quarter. 79.49% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their price target on shares of Netflix from $365.00 to $385.00 in a report on Wednesday, October 17th. Wedbush restated a “sell” rating and issued a $150.00 price objective on shares of Netflix in a research report on Monday, January 14th. Nomura set a $370.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a research note on Monday, October 29th. Morningstar set a $120.00 price objective on shares of Netflix and gave the company a “sell” rating in a report on Monday, October 29th. Finally, Morgan Stanley reissued a “buy” rating and issued a $450.00 target price on shares of Netflix in a research report on Tuesday, October 16th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $376.33.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. Netflix’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts predict that Netflix, Inc. will post 4.03 earnings per share for the current fiscal year.
In other news, CEO Reed Hastings sold 78,092 shares of Netflix stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $266.87, for a total transaction of $20,840,412.04. Following the completion of the sale, the chief executive officer now owns 78,092 shares in the company, valued at approximately $20,840,412.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total value of $899,150.00. Following the completion of the transaction, the director now directly owns 539 shares in the company, valued at $188,650. The disclosure for this sale can be found here. Insiders have sold a total of 212,303 shares of company stock worth $59,417,475 in the last three months. 4.29% of the stock is owned by insiders.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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.
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