NEXT Financial Group Inc raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,453 shares of the Internet television network’s stock after buying an additional 279 shares during the period. NEXT Financial Group Inc’s holdings in Netflix were worth $367,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NFLX. Raymond James Trust N.A. increased its stake in shares of Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock worth $414,000 after buying an additional 1,017 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Netflix by 1,487.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 190,989 shares of the Internet television network’s stock worth $28,230,000 after buying an additional 178,956 shares during the last quarter. Paradigm Financial Advisors LLC bought a new position in Netflix during the first quarter worth $238,000. CENTRAL TRUST Co boosted its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Netflix by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network’s stock worth $55,187,000 after buying an additional 12,440 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.
Netflix, Inc. (NASDAQ NFLX) traded down 1.29% during trading on Monday, reaching $181.66. 4,883,606 shares of the company’s stock traded hands. The firm’s 50 day moving average is $162.41 and its 200-day moving average is $151.38. The company has a market capitalization of $78.43 billion, a price-to-earnings ratio of 221.00 and a beta of 0.99. Netflix, Inc. has a 12 month low of $91.82 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on NFLX shares. Loop Capital restated a “buy” rating and issued a $167.00 price objective on shares of Netflix in a report on Monday, April 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $170.00 price objective on shares of Netflix in a report on Friday, April 14th. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 price target (up from $148.64) on shares of Netflix in a research note on Thursday, April 13th. Pivotal Research lifted their price target on shares of Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus lifted their price target on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus price target of $174.36.
In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $159.08, for a total value of $318,160.00. Following the sale, the director now owns 7,082 shares in the company, valued at approximately $1,126,604.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at approximately $1,254,839.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 423,801 shares of company stock worth $70,183,121. Company insiders own 4.90% of the company’s stock.
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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