Vigilant Capital Management LLC Acquires Shares of 285 Netflix, Inc. (NASDAQ:NFLX)

Vigilant Capital Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 285 shares of the Internet television network’s stock, valued at approximately $143,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Public Employees Retirement Association of Colorado boosted its holdings in shares of Netflix by 4.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 83,141 shares of the Internet television network’s stock valued at $31,219,000 after purchasing an additional 3,665 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Netflix by 45.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 918 shares of the Internet television network’s stock valued at $345,000 after buying an additional 285 shares in the last quarter. APG Asset Management N.V. raised its position in Netflix by 57.4% in the 1st quarter. APG Asset Management N.V. now owns 1,183,588 shares of the Internet television network’s stock worth $444,437,000 after purchasing an additional 431,401 shares during the period. Advisors Asset Management Inc. raised its position in Netflix by 5.1% in the 1st quarter. Advisors Asset Management Inc. now owns 10,602 shares of the Internet television network’s stock worth $3,981,000 after purchasing an additional 513 shares during the period. Finally, Morgan Stanley raised its position in Netflix by 39.7% in the 1st quarter. Morgan Stanley now owns 2,685,577 shares of the Internet television network’s stock worth $1,008,435,000 after purchasing an additional 763,798 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on NFLX. Stifel Nicolaus reissued a “hold” rating and issued a $500.00 price objective on shares of Netflix in a research report on Thursday, July 16th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $625.00 price objective on shares of Netflix in a research report on Tuesday, September 22nd. Barclays increased their price objective on shares of Netflix from $420.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. SunTrust Banks increased their price objective on shares of Netflix from $475.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, UBS Group increased their price objective on shares of Netflix from $575.00 to $670.00 and gave the stock a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $514.80.

In other Netflix news, CEO Reed Hastings sold 43,239 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $494.83, for a total value of $21,395,954.37. Following the completion of the sale, the chief executive officer now directly owns 43,239 shares in the company, valued at $21,395,954.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $505.77, for a total transaction of $5,057,700.00. Following the completion of the transaction, the chief executive officer now directly owns 524 shares of the company’s stock, valued at approximately $265,023.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,544 shares of company stock valued at $97,503,985. 3.40% of the stock is owned by insiders.

Shares of NFLX opened at $530.79 on Friday. The company has a market cap of $234.09 billion, a price-to-earnings ratio of 89.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. Netflix, Inc. has a twelve month low of $265.80 and a twelve month high of $575.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $507.55 and a two-hundred day moving average of $463.66.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.22). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.08 billion. Netflix had a net margin of 11.85% and a return on equity of 33.32%. During the same quarter last year, the business earned $0.60 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 6.27 EPS for the current year.

About Netflix

Netflix, Inc provides subscription streaming entertainment service. 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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