Pendal Group Ltd cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,353 shares of the Internet television network’s stock after selling 808 shares during the quarter. Pendal Group Ltd’s holdings in Netflix were worth $1,629,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Exencial Wealth Advisors LLC acquired a new position in Netflix during the third quarter worth $382,000. Gulf International Bank UK Ltd raised its holdings in Netflix by 4.6% during the third quarter. Gulf International Bank UK Ltd now owns 146,267 shares of the Internet television network’s stock worth $54,722,000 after purchasing an additional 6,465 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Netflix by 1.0% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 69,712 shares of the Internet television network’s stock worth $26,081,000 after purchasing an additional 700 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO raised its holdings in Netflix by 35.1% during the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 50,000 shares of the Internet television network’s stock worth $18,707,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its holdings in Netflix by 23.5% during the third quarter. Thornburg Investment Management Inc. now owns 33,955 shares of the Internet television network’s stock worth $12,704,000 after purchasing an additional 6,451 shares during the last quarter. 74.04% of the stock is owned by hedge funds and other institutional investors.
In other Netflix news, Director Timothy M. Haley sold 21,882 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the completion of the sale, the director now owns 9,177 shares of the company’s stock, valued at $3,087,234.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $311.10, for a total value of $311,100.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $311,100. The disclosure for this sale can be found here. In the last three months, insiders have sold 335,842 shares of company stock valued at $113,900,463. 4.29% of the stock is owned by company insiders.
Netflix stock opened at $303.47 on Friday. The firm has a market capitalization of $142.82 billion, a P/E ratio of 242.78, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. Netflix, Inc. has a 52 week low of $178.38 and a 52 week high of $423.21. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. Research analysts predict that Netflix, Inc. will post 2.63 EPS for the current year.
A number of research firms have recently weighed in on NFLX. Deutsche Bank cut Netflix from a “buy” rating to a “hold” rating and cut their price target for the stock from $360.00 to $350.00 in a report on Tuesday, July 17th. Monness Crespi & Hardt cut their price target on Netflix from $460.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, July 17th. Macquarie set a $388.00 price target on Netflix and gave the stock a “buy” rating in a report on Tuesday, July 17th. Pivotal Research cut their price target on Netflix from $500.00 to $435.00 and set a “buy” rating for the company in a report on Tuesday, July 17th. Finally, Barclays set a $415.00 price target on Netflix and gave the stock a “buy” rating in a report on Tuesday, July 17th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $378.74.
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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