First Quadrant L P CA Sells 525 Shares of Netflix, Inc. (NFLX)
First Quadrant L P CA cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,903 shares of the Internet television network’s stock after selling 525 shares during the period. First Quadrant L P CA’s holdings in Netflix were worth $9,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NFLX. OppenheimerFunds Inc. raised its position in Netflix by 1.6% during the first quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network’s stock valued at $1,113,000 after purchasing an additional 117 shares during the period. Nicholas Investment Partners LP raised its holdings in shares of Netflix by 66.8% in the first quarter. Nicholas Investment Partners LP now owns 35,680 shares of the Internet television network’s stock worth $5,273,000 after buying an additional 14,291 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Netflix by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,303,019 shares of the Internet television network’s stock worth $192,600,000 after buying an additional 72,638 shares during the period. Allen Investment Management LLC raised its holdings in shares of Netflix by 22.7% in the first quarter. Allen Investment Management LLC now owns 14,135 shares of the Internet television network’s stock worth $2,089,000 after buying an additional 2,618 shares during the period. Finally, Omega Advisors Inc. purchased a new stake in shares of Netflix in the first quarter worth approximately $11,485,000. Institutional investors and hedge funds own 80.74% of the company’s stock.
Netflix, Inc. (NASDAQ NFLX) opened at 196.43 on Wednesday. Netflix, Inc. has a 12-month low of $110.68 and a 12-month high of $204.38. The company’s 50-day moving average is $190.05 and its 200 day moving average is $170.18. The stock has a market capitalization of $84.94 billion, a PE ratio of 196.23 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, analysts predict that Netflix, Inc. will post $1.25 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/11/01/first-quadrant-l-p-ca-sells-525-shares-of-netflix-inc-nflx.html.
NFLX has been the topic of several recent analyst reports. Bank of America Corporation increased their price target on Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $173.00 price target on the stock in a report on Thursday, July 13th. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $167.28 price target on the stock. in a report on Monday, July 10th. MKM Partners reiterated a “buy” rating and issued a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Finally, BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. One 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 company’s stock. Netflix has an average rating of “Buy” and a consensus price target of $207.20.
In other news, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the sale, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel David A. Hyman sold 63,378 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the sale, the general counsel now directly owns 43,071 shares of the company’s stock, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 339,787 shares of company stock valued at $62,678,611. Company insiders own 4.90% of the company’s stock.
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.
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.