Cornerstone Capital Management Holdings LLC. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 31.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 136,865 shares of the Internet television network’s stock after buying an additional 33,091 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Netflix were worth $26,271,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. OLD Mission Capital LLC bought a new position in shares of Netflix in the 4th quarter worth about $849,000. Financial Partners Group Inc bought a new position in shares of Netflix in the 4th quarter worth about $734,000. Hanseatic Management Services Inc. lifted its position in shares of Netflix by 3.6% in the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock worth $1,201,000 after buying an additional 219 shares during the last quarter. Morgens Waterfall Vintiadis & Co. Inc. lifted its position in shares of Netflix by 22.8% in the 4th quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 22,711 shares of the Internet television network’s stock worth $4,360,000 after buying an additional 4,211 shares during the last quarter. Finally, HPM Partners LLC lifted its position in Netflix by 43.3% in the 4th quarter. HPM Partners LLC now owns 2,159 shares of the Internet television network’s stock valued at $414,000 after purchasing an additional 652 shares during the last quarter. Institutional investors own 81.64% of the company’s stock.
Several analysts recently weighed in on the stock. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $266.74 price objective on the stock. in a research report on Thursday, February 22nd. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Credit Suisse Group reiterated a “neutral” rating and issued a $266.00 price objective (up from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. Loop Capital lifted their price objective on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research reiterated a “neutral” rating and issued a $251.00 price objective (up from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $244.79.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. research analysts expect that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.
In other news, CEO Reed Hastings sold 91,861 shares of Netflix stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total value of $17,364,484.83. Following the transaction, the chief executive officer now owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A George Battle sold 10,716 shares of Netflix stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the completion of the transaction, the director now directly owns 2,575 shares in the company, valued at $665,611.75. The disclosure for this sale can be found here. Insiders sold a total of 473,489 shares of company stock worth $116,251,464 in the last ninety days. Corporate insiders own 4.90% of the company’s stock.
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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