A number of hedge funds have recently bought and sold shares of the stock. 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.
B & T Capital Management DBA Alpha Capital Management raised its position in shares of Netflix, Inc. The firm owned 21,400 shares of the Internet television network's stock after buying an additional 112 shares during the period. Following the completion of the transaction, the insider now owns 19,999 shares in the company, valued at approximately $3,000,249.98. Finally, Guardian Capital LP acquired a new stake in Netflix during the fourth quarter valued at about $229,000.
The company said iT plans to continue to complement its direct-to-consumer approach with more deals with MVPDs and ISPs, pointing out a partnership announced in Q2 with Altice/SFR France, whereby Netflix is being sold in a package with high-speed Internet and TV services. 6,167 Netflix, Inc. (NASDAQ:NFLX) shares with value of $969,144 were sold by Peters Gregory K. The firm has a 50 day moving average of $157.80 and a 200 day moving average of $144.87. The stock has a market capitalization of $64.73 billion, a P/E ratio of 195.04 and a beta of 0.98.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th.
The company missed slightly on earnings per share, bringing in $0.15 compared to the $0.16 expected. Netflix had a return on equity of 12.73% and a net margin of 3.55%. As a result, Netflix said, its revenue in the second quarter rose 32 percent to $2.79 billion and posted a net profit of 15 cents a share. During the same period in the previous year, the company posted $0.06 EPS.
Heading into the earnings release, covering sell-side analysts have a consensus target price of $160.68 on Netflix, Inc. shares. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & global trademark and copyright law. The legal version of this report can be read at https://transcriptdaily.com/2017/07/17/5121-shares-in-netflix-inc-nasdaqnflx-acquired-by-independence-advisors-llc.html.
The strong growth beat Netflix's own estimates and caused the stock to spike 8% in after hours trading. William Blair reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 25th.
FBR has a Market Perform rating with a $145 price target.
Among 46 analysts covering Netflix (NASDAQ:NFLX), 30 have Buy rating, 2 Sell and 14 Hold. "We underestimated the popularity of our strong slate of content which led to higher-than-expected acquisition across all major territories", Netflix wrote in its earnings letter. After a recent check, company stock has been trading near the $161.12 mark. Also, CEO Reed Hastings sold 115,577 shares of the stock in a transaction on Tuesday, June 20th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. BARTON RICHARD N also sold $289,700 worth of Netflix, Inc.