Netflix, Inc. (NFLX) Holdings Lifted by Norinchukin Bank The
Norinchukin Bank The lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,136 shares of the Internet television network’s stock after buying an additional 2,226 shares during the period. Norinchukin Bank The’s holdings in Netflix were worth $5,828,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Netflix in the second quarter worth $155,000. Prospera Financial Services Inc bought a new stake in Netflix in the 2nd quarter valued at about $355,000. US Bancorp DE increased its stake in Netflix by 3.8% during the 2nd quarter. US Bancorp DE now owns 42,765 shares of the Internet television network’s stock valued at $6,390,000 after buying an additional 1,574 shares during the period. BB&T Corp grew its stake in shares of Netflix by 16.6% in the 2nd quarter. BB&T Corp now owns 3,215 shares of the Internet television network’s stock worth $480,000 after purchasing an additional 458 shares during the last quarter. Finally, Vicus Capital grew its stake in shares of Netflix by 21.4% in the 2nd quarter. Vicus Capital now owns 1,704 shares of the Internet television network’s stock worth $255,000 after purchasing an additional 300 shares during the last quarter. 80.32% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on NFLX shares. Jefferies Group LLC set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 price target on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. FBR & Co reissued a “buy” rating and issued a $207.00 price target (up previously from $172.00) on shares of Netflix in a research report on Tuesday, October 17th. Royal Bank Of Canada boosted their target price on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Finally, Pivotal Research boosted their price target on shares of Netflix from $200.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $207.20.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Friedland sold 3,622 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,692 shares of company stock valued at $48,268,234. 4.90% of the stock is currently owned by corporate insiders.
Netflix, Inc. (NASDAQ:NFLX) traded down $1.01 during midday trading on Wednesday, reaching $195.22. The company had a trading volume of 2,821,208 shares, compared to its average volume of 6,668,008. Netflix, Inc. has a twelve month low of $113.95 and a twelve month high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The company has a market cap of $83,980.00, a PE ratio of 196.06, a price-to-earnings-growth ratio of 5.77 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company posted $0.12 EPS. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
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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