Oppenheimer Asset Management Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,221 shares of the Internet television network’s stock after selling 639 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Netflix were worth $947,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new position in Netflix during the 2nd quarter valued at about $101,000. Aviance Capital Management LLC purchased a new position in Netflix during the 2nd quarter valued at about $137,000. Captrust Financial Advisors acquired a new stake in Netflix in the 2nd quarter valued at about $139,000. Harfst & Associates Inc. raised its position in Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after purchasing an additional 273 shares in the last quarter. Finally, Grove Bank & Trust raised its position in Netflix by 249.6% in the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after purchasing an additional 684 shares in the last quarter. Institutional investors own 83.37% of the company’s stock.
A number of research firms have issued reports on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Wedbush reaffirmed a “hold” rating and issued a $190.00 price target (up previously from $180.00) on shares of Netflix in a research report on Wednesday, October 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 price target on shares of Netflix in a research report on Monday, September 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Netflix in a research report on Tuesday, September 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $205.00 price target on shares of Netflix in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and a consensus target price of $209.65.
In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $187.94, for a total transaction of $187,940.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $187,940. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the transaction, the director now directly owns 7,930 shares in the company, valued at approximately $1,426,527.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,285 shares of company stock worth $62,818,751. 4.90% of the stock is currently owned by corporate insiders.
Netflix, Inc. (NFLX) opened at $189.56 on Friday. The company has a market capitalization of $81,292.87, a P/E ratio of 189.76, a price-to-earnings-growth ratio of 5.58 and a beta of 1.33. Netflix, Inc. has a 12-month low of $122.87 and a 12-month high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. equities analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.
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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