Sheaff Brock Investment Advisors LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,830 shares of the Internet television network’s stock after selling 280 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Netflix were worth $2,463,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Balentine LLC lifted 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 valued at $100,000 after buying an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Netflix during the fourth quarter valued at about $149,000. Goodman Financial Corp purchased a new stake in Netflix during the fourth quarter valued at about $163,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Netflix during the third quarter valued at about $171,000. 82.23% of the stock is owned by institutional investors.
A number of analysts have commented on the stock. BidaskClub raised shares of Netflix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. MKM Partners upped their price objective on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $319.00 price objective (up from $281.00) on shares of Netflix in a research note on Wednesday. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $266.45 price objective for the company. in a research note on Tuesday, February 6th. Finally, UBS Group set a $290.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $240.15.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. equities research analysts forecast that Netflix, Inc. will post 2.73 EPS for the current year.
In other news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the sale, the director now owns 7,171 shares in the company, valued at $1,331,726.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A George Battle sold 10,716 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the completion of the sale, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 458,247 shares of company stock worth $111,056,137. 4.90% of the stock is currently owned by corporate insiders.
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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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