California Capital Advisors Inc. Boosts Holdings in Netflix, Inc. (NFLX)
California Capital Advisors Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,126 shares of the Internet television network’s stock after acquiring an additional 288 shares during the period. Netflix comprises approximately 1.6% of California Capital Advisors Inc.’s portfolio, making the stock its 21st largest position. California Capital Advisors Inc.’s holdings in Netflix were worth $1,560,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Balentine LLC lifted its position in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter worth $137,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $171,000. Grove Bank & Trust lifted its position in shares of Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. Finally, Clear Perspective Advisors LLC lifted its position in shares of Netflix by 13.9% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,228 shares of the Internet television network’s stock worth $183,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.
In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the transaction, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56. 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 business’s stock in a transaction dated 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 transaction, the general counsel now owns 43,071 shares in the company, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,216 shares of company stock worth $50,391,195. Company insiders own 4.90% of the company’s stock.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 16th. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. equities analysts forecast that Netflix, Inc. will post 1.25 EPS for the current fiscal year.
Several research firms have recently issued reports on NFLX. Stifel Nicolaus lifted their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $225.00 price objective (up from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a research report on Thursday, October 19th. BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $266.00 price target (up from $224.00) on shares of Netflix in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $228.64.
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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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