Wealthfront Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,454 shares of the Internet television network’s stock after buying an additional 586 shares during the period. Wealthfront Inc.’s holdings in Netflix were worth $2,391,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in NFLX. SG Americas Securities LLC raised its stake in shares of Netflix by 103.9% in the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after buying an additional 675,267 shares during the period. Truepoint Inc. raised its stake in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after buying an additional 400,197 shares during the period. Wells Fargo & Company MN raised its stake in shares of Netflix by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after buying an additional 354,801 shares during the period. AGF Investments Inc. bought a new position in shares of Netflix in the third quarter worth about $60,036,000. Finally, American Century Companies Inc. raised its stake in shares of Netflix by 26.9% in the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock worth $258,815,000 after buying an additional 302,857 shares during the period. 82.23% of the stock is currently owned by institutional investors.
In other news, Director A George Battle sold 10,716 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the sale, the director now directly owns 2,575 shares in the company, valued at $665,611.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $195.69, for a total value of $195,690.00. Following the completion of the sale, the chief financial officer now owns 662 shares in the company, valued at $129,546.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 393,658 shares of company stock valued at $92,837,864. Company insiders own 4.90% of the company’s stock.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
Several research firms recently issued reports on NFLX. Morgan Stanley reiterated an “overweight” rating and set a $255.00 target price (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. SunTrust Banks set a $270.00 target price on Netflix and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Loop Capital reiterated a “buy” rating and set a $237.00 target price on shares of Netflix in a research report on Wednesday, December 6th. Canaccord Genuity reiterated a “buy” rating and set a $280.00 target price (up previously from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $250.00 target price (up previously from $230.00) on shares of Netflix in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $239.39.
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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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