Eidelman Virant Capital Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Eidelman Virant Capital purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,143 shares of the Internet television network’s stock, valued at approximately $3,616,000. Netflix comprises approximately 2.5% of Eidelman Virant Capital’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also modified their holdings of the company. Clarfeld Financial Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Pearl River Capital LLC bought a new stake in shares of Netflix in the 4th quarter worth about $30,000. Citizens Financial Group Inc RI increased its holdings in shares of Netflix by 750.0% in the 4th 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 last quarter. TCG Advisors LP bought a new stake in shares of Netflix in the 1st quarter worth about $36,000. Finally, CNB Bank bought a new stake in shares of Netflix in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 77.05% of the company’s stock.

In other news, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $370.74, for a total value of $21,119,574.84. Following the completion of the sale, the chief executive officer now owns 56,966 shares of the company’s stock, valued at approximately $21,119,574.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 166,838 shares of company stock valued at $60,415,372 in the last ninety days. Corporate insiders own 4.29% of the company’s stock.

NFLX has been the topic of a number of research reports. Rosenblatt Securities restated a “hold” rating on shares of Netflix in a report on Wednesday, April 17th. UBS Group reduced their target price on shares of Netflix from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. SunTrust Banks restated a “buy” rating on shares of Netflix in a report on Friday, April 12th. Barclays restated a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, ValuEngine downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus price target of $386.03.

Shares of NFLX opened at $345.56 on Thursday. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21. The company has a market capitalization of $153.58 billion, a PE ratio of 128.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.30. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 3.34 EPS for the current year.

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Netflix 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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