Dupont Capital Management Corp cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,799 shares of the Internet television network’s stock after selling 770 shares during the quarter. Dupont Capital Management Corp’s holdings in Netflix were worth $13,019,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Fisher Asset Management LLC grew its position in shares of Netflix by 21.8% during the second quarter. Fisher Asset Management LLC now owns 2,341 shares of the Internet television network’s stock valued at $916,000 after purchasing an additional 419 shares in the last quarter. Private Asset Management Inc. purchased a new position in shares of Netflix during the second quarter valued at about $422,000. Trust Co. of Vermont grew its position in shares of Netflix by 46.0% during the second quarter. Trust Co. of Vermont now owns 1,088 shares of the Internet television network’s stock valued at $426,000 after purchasing an additional 343 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Netflix by 4.3% during the second quarter. Xact Kapitalforvaltning AB now owns 84,222 shares of the Internet television network’s stock valued at $32,967,000 after purchasing an additional 3,497 shares in the last quarter. Finally, Pennsylvania Trust Co grew its position in shares of Netflix by 276.9% during the second quarter. Pennsylvania Trust Co now owns 2,906 shares of the Internet television network’s stock valued at $1,138,000 after purchasing an additional 2,135 shares in the last quarter. 74.04% of the stock is owned by institutional investors.
Shares of NASDAQ NFLX opened at $303.47 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $142.82 billion, a price-to-earnings ratio of 242.78, a PEG ratio of 4.15 and a beta of 1.18. Netflix, Inc. has a 1 year low of $178.38 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. ValuEngine lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Monness Crespi & Hardt cut their price objective on Netflix from $460.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, July 17th. Sanford C. Bernstein restated a “buy” rating and set a $434.00 price objective on shares of Netflix in a research report on Tuesday, July 17th. Piper Jaffray Companies restated an “overweight” rating on shares of Netflix in a research report on Tuesday, July 17th. Finally, Deutsche Bank lowered Netflix from a “buy” rating to a “hold” rating and cut their price objective for the company from $360.00 to $350.00 in a research report on Tuesday, July 17th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $378.74.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $339.53, for a total value of $339,530.00. Following the completion of the sale, the chief financial officer now owns 867 shares of the company’s stock, valued at $294,372.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the completion of the sale, the director now directly owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. In the last three months, insiders sold 335,842 shares of company stock valued at $113,900,463. 4.29% of the stock is owned by insiders.
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Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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