Synovus Financial Corp Has $1.37 Million Holdings in Netflix, Inc. (NFLX)

Synovus Financial Corp grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,678 shares of the Internet television network’s stock after buying an additional 435 shares during the quarter. Synovus Financial Corp’s holdings in Netflix were worth $1,374,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Berkeley Capital Partners LLC raised its stake in shares of Netflix by 17.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares in the last quarter. Capstone Financial Advisors Inc. boosted its stake in Netflix by 17.8% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after buying an additional 152 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in Netflix by 9.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after buying an additional 153 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in Netflix by 22.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after purchasing an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after acquiring an additional 158 shares during the last quarter. 74.04% of the stock is currently owned by institutional investors and hedge funds.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $339.53, for a total value of $339,530.00. Following the completion of the transaction, the chief financial officer now directly owns 867 shares of the company’s stock, valued at $294,372.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 77,672 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $323.01, for a total value of $25,088,832.72. Following the completion of the transaction, the chief executive officer now directly owns 77,672 shares of the company’s stock, valued at $25,088,832.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 335,842 shares of company stock valued at $113,900,463. Corporate insiders own 4.29% of the company’s stock.

A number of research analysts have issued reports on the company. Nomura began coverage on Netflix in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $370.00 target price for the company. Credit Suisse Group started coverage on Netflix in a research note on Tuesday, July 10th. They issued an “outperform” rating and a $500.00 price objective on the stock. Wedbush reiterated a “sell” rating and set a $125.00 target price on shares of Netflix in a research note on Wednesday, July 11th. Stifel Nicolaus raised their target price on Netflix from $345.00 to $406.00 and gave the company a “hold” rating in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $385.00 price target on shares of Netflix in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the stock. Netflix has an average rating of “Buy” and an average price target of $378.74.

Shares of NFLX stock opened at $314.15 on Wednesday. The company has a market capitalization of $134.79 billion, a P/E ratio of 248.67, a P/E/G ratio of 3.92 and a beta of 1.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. Netflix, Inc. has a twelve month low of $178.38 and a twelve month high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. Netflix’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. On average, research analysts forecast that Netflix, Inc. will post 2.63 EPS for the current year.

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Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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