Netflix, Inc. (NFLX) Shares Sold by Stifel Financial Corp
Stifel Financial Corp decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,185 shares of the Internet television network’s stock after selling 1,694 shares during the quarter. Stifel Financial Corp’s holdings in Netflix were worth $29,583,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Almanack Investment Partners LLC. purchased a new stake in Netflix during the 2nd quarter worth about $101,000. Aviance Capital Management LLC purchased a new stake in Netflix during the 2nd quarter worth about $137,000. Captrust Financial Advisors purchased a new stake in Netflix during the 2nd quarter worth about $139,000. Harbour Capital Advisors LLC increased its holdings in Netflix by 14,840.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after purchasing an additional 20,777 shares during the period. Finally, Harfst & Associates Inc. increased its holdings in Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the period. Institutional investors own 83.38% of the company’s stock.
In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $194.89, for a total transaction of $705,891.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 83,335 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total value of $16,066,154.65. Following the sale, the chief executive officer now directly owns 83,335 shares of the company’s stock, valued at $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold a total of 325,935 shares of company stock valued at $62,914,692 over the last ninety days. 4.90% of the stock is owned by insiders.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $184.04 on Tuesday. The stock has a market capitalization of $80,842.83, a PE ratio of 188.71, a P/E/G ratio of 5.55 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1 year low of $118.40 and a 1 year high of $204.38.
Netflix (NASDAQ:NFLX) last announced 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 during 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 firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. research analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current year.
Several equities research analysts have weighed in on the company. B. Riley restated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Jefferies Group restated a “hold” rating and set a $165.00 price target (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, SunTrust Banks set a $175.00 price target on Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Netflix has an average rating of “Buy” and a consensus target price of $208.19.
Netflix Company 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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