2,410 Shares in Netflix, Inc. (NFLX) Purchased by B. Riley Financial Inc.

B. Riley Financial Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,410 shares of the Internet television network’s stock, valued at approximately $437,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the last quarter. Kalos Management Inc. boosted its holdings in shares of Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in shares of Netflix by 1.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares during the last quarter. Sii Investments Inc. WI boosted its holdings in shares of Netflix by 2.1% in the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after buying an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after buying an additional 65 shares during the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now owns 1,015 shares in the company, valued at $203,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 83,335 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the sale, the chief executive officer now owns 83,335 shares in the company, valued at approximately $16,066,154.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 323,935 shares of company stock worth $62,565,812. Company insiders own 4.90% of the company’s stock.

A number of research firms recently issued reports on NFLX. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a report on Wednesday, August 16th. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Netflix in a report on Wednesday, August 16th. Wedbush reissued a “hold” rating and issued a $190.00 price objective (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Jefferies Group reissued a “hold” rating and issued a $165.00 price objective (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $208.19.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $184.21 on Wednesday. The stock has a market cap of $79,639.83, a P/E ratio of 185.90, a PEG ratio of 5.47 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 1 year low of $119.42 and a 1 year high of $204.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. sell-side analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.

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Netflix 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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