Smith Chas P & Associates PA Cpas acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 358 shares of the Internet television network’s stock, valued at approximately $319,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 113.3% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 96 shares of the Internet television network’s stock worth $65,000 after purchasing an additional 51 shares during the last quarter. Dorsey Wright & Associates increased its stake in Netflix by 2.3% in the second quarter. Dorsey Wright & Associates now owns 3,193 shares of the Internet television network’s stock valued at $2,155,000 after purchasing an additional 71 shares during the period. Raab & Moskowitz Asset Management LLC raised its stake in Netflix by 13.1% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 1,061 shares of the Internet television network’s stock valued at $716,000 after acquiring an additional 123 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in Netflix in the 2nd quarter valued at $416,000. Finally, Ascent Group LLC increased its stake in shares of Netflix by 9.8% during the second quarter. Ascent Group LLC now owns 5,421 shares of the Internet television network’s stock worth $3,659,000 after acquiring an additional 485 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Netflix
In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 over the last quarter. Corporate insiders own 1.76% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on NFLX
Netflix Stock Performance
NASDAQ NFLX opened at $977.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The company has a fifty day moving average price of $895.13 and a 200-day moving average price of $766.98.
Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 23.72 EPS for the current fiscal year.
Netflix Company Profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
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