Global Financial Private Capital LLC Has $3.80 Million Holdings in Netflix, Inc. (NFLX)

Global Financial Private Capital LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 46.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,161 shares of the Internet television network’s stock after buying an additional 3,206 shares during the period. Global Financial Private Capital LLC’s holdings in Netflix were worth $3,802,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Berkeley Capital Partners LLC increased its position in shares of Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares in the last quarter. Capstone Financial Advisors Inc. increased its position in shares of Netflix by 17.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after purchasing an additional 152 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 153 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its position in shares of Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after purchasing an additional 155 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 74.04% of the company’s stock.

NFLX has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Netflix to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 17th. Goldman Sachs Group reissued a “$375.13” rating and set a $470.00 price target on shares of Netflix in a report on Wednesday, July 18th. Atlantic Securities reissued a “buy” rating and set a $413.00 price target on shares of Netflix in a report on Monday, September 3rd. SunTrust Banks raised their price target on Netflix from $270.00 to $415.00 and gave the stock a “hold” rating in a report on Friday, July 13th. Finally, JPMorgan Chase & Co. raised their price target on Netflix to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, October 17th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have issued a buy rating to the stock. Netflix has an average rating of “Buy” and an average price target of $378.74.

Shares of NFLX opened at $303.47 on Friday. Netflix, Inc. has a twelve month low of $178.38 and a twelve month high of $423.21. The company has a market capitalization of $142.82 billion, a price-to-earnings ratio of 117.38, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 2.63 EPS for the current year.

In other news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the sale, the director now owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kelly Bennett sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total value of $4,200,000.00. Following the sale, the insider now directly owns 1,057 shares in the company, valued at approximately $317,100. The disclosure for this sale can be found here. Insiders sold a total of 335,842 shares of company stock worth $113,900,463 in the last ninety days. 4.29% of the stock is owned by corporate insiders.

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Netflix Profile

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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