Oak Associates Ltd. OH acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, Holdings Channel reports. The institutional investor acquired 2,075 shares of the Internet television network’s stock, valued at approximately $307,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paradigm Financial Advisors LLC bought a new position in Netflix during the first quarter worth approximately $238,000. CENTRAL TRUST Co increased its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Netflix by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network’s stock worth $55,187,000 after buying an additional 12,440 shares in the last quarter. Atalanta Sosnoff Capital LLC bought a new position in Netflix during the first quarter worth approximately $379,000. Finally, Toth Financial Advisory Corp bought a new position in Netflix during the first quarter worth approximately $600,000. 82.77% of the stock is owned by institutional investors.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at 150.18 on Monday. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $166.87. The stock has a market capitalization of $64.73 billion, a P/E ratio of 194.28 and a beta of 0.98. The stock’s 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post $1.05 EPS for the current fiscal year.
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A number of research firms have recently commented on NFLX. Cantor Fitzgerald upped their price objective on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $178.00 price objective on shares of Netflix in a research note on Wednesday, May 31st. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research note on Thursday, May 25th. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $166.13 price objective for the company. in a research note on Thursday, May 25th. Finally, Instinet reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $148.91.
In related news, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the sale, the director now owns 8,012 shares in the company, valued at $1,180,888.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 6,909 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $150.02, for a total value of $1,036,488.18. Following the sale, the insider now owns 19,999 shares in the company, valued at approximately $3,000,249.98. The disclosure for this sale can be found here. Insiders have sold 421,458 shares of company stock valued at $64,206,893 over the last ninety days. 4.90% of the stock is owned by insiders.
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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