Public Employees Retirement System of Ohio grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 285,901 shares of the Internet television network’s stock after acquiring an additional 877 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Netflix worth $51,848,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in NFLX. Balentine LLC raised its stake in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in Netflix during the second quarter worth $101,000. Aviance Capital Management LLC bought a new position in Netflix during the second quarter worth $137,000. Captrust Financial Advisors bought a new position in Netflix during the second quarter worth $139,000. Finally, Harfst & Associates Inc. raised its stake in Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares during the last quarter. 83.37% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on NFLX. B. Riley reissued a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Loop Capital reissued a “buy” rating and set a $237.00 target price on shares of Netflix in a research note on Wednesday, December 6th. SunTrust Banks set a $175.00 target price on shares of Netflix and gave the stock a “hold” rating in a research note on Monday, October 16th. Evercore ISI started coverage on shares of Netflix in a research note on Wednesday, December 6th. They set an “in-line” rating and a $210.00 target price for the company. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $203.00 price target on shares of Netflix in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $209.65.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. analysts predict that Netflix, Inc. will post 1.26 EPS for the current year.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total value of $359,780.00. Following the sale, the director now owns 7,930 shares of the company’s stock, valued at $1,426,527.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the sale, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 325,285 shares of company stock worth $62,818,751. 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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