HighPoint Advisor Group LLC Acquires 2,342 Shares of Netflix, Inc. (NFLX)

HighPoint Advisor Group LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 59.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,259 shares of the Internet television network’s stock after acquiring an additional 2,342 shares during the period. HighPoint Advisor Group LLC’s holdings in Netflix were worth $2,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Versant Capital Management Inc increased its position in Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Clarfeld Financial Advisors LLC acquired a new position in Netflix in the 4th quarter valued at approximately $27,000. Pearl River Capital LLC acquired a new position in Netflix in the 4th quarter valued at approximately $30,000. NuWave Investment Management LLC increased its position in Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 88 shares during the period. Finally, Citizens Financial Group Inc RI increased its position in shares of Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 75.16% of the company’s stock.

In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 57,414 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the completion of the transaction, the chief executive officer now directly owns 57,414 shares in the company, valued at $20,030,596.32. The disclosure for this sale can be found here. Insiders sold 168,487 shares of company stock worth $61,025,502 over the last ninety days. Insiders own 4.29% of the company’s stock.



Several equities research analysts have recently weighed in on the stock. SunTrust Banks reiterated a “buy” rating and set a $402.00 price objective on shares of Netflix in a research report on Wednesday, March 27th. UBS Group assumed coverage on shares of Netflix in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective for the company. Buckingham Research decreased their price objective on shares of Netflix from $382.00 to $358.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Barclays reiterated a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Finally, Rosenblatt Securities reiterated a “hold” rating on shares of Netflix in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Netflix has an average rating of “Buy” and an average price target of $385.03.

Shares of NASDAQ NFLX opened at $359.73 on Thursday. The firm has a market cap of $154.89 billion, a P/E ratio of 134.23, a P/E/G ratio of 3.54 and a beta of 1.33. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. Netflix’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities research analysts predict that Netflix, Inc. will post 3.33 earnings per share for the current fiscal year.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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