Personal Capital Advisors Corp reduced its stake in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,614 shares of the Internet television network’s stock after selling 32,695 shares during the quarter. Personal Capital Advisors Corp owned about 0.08% of Netflix worth $99,851,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Phocas Financial Corp. purchased a new stake in shares of Netflix in the fourth quarter valued at $29,000. Yarbrough Capital LLC acquired a new position in Netflix in the fourth quarter valued at $29,000. Tanglewood Legacy Advisors LLC acquired a new position in Netflix in the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. increased its stake in Netflix by 3,333.3% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 103 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Financial Connections Group Inc. increased its stake in Netflix by 1,040.0% in the fourth quarter. Financial Connections Group Inc. now owns 114 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. 77.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Netflix
In related news, Director Timothy M. Haley sold 903 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $425.00, for a total value of $383,775.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Reed Hastings sold 26,278 shares of Netflix stock in a transaction on Monday, May 1st. The stock was sold at an average price of $323.96, for a total transaction of $8,513,020.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 903 shares of Netflix stock in a transaction on Friday, June 9th. The shares were sold at an average price of $425.00, for a total value of $383,775.00. The disclosure for this sale can be found here. Insiders have sold a total of 62,699 shares of company stock worth $22,689,580 in the last three months. 2.45% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Netflix Trading Up 1.2 %
Shares of NASDAQ NFLX opened at $440.86 on Thursday. The company has a market cap of $195.98 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. Netflix, Inc. has a 12-month low of $168.53 and a 12-month high of $447.33. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $356.04 and its 200 day simple moving average is $334.54.
Netflix (NASDAQ:NFLX – Get Rating) last posted its earnings results on Tuesday, April 18th. The Internet television network reported $2.88 EPS for the quarter, beating the consensus estimate of $2.83 by $0.05. Netflix had a return on equity of 20.43% and a net margin of 13.16%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.18 billion. During the same period last year, the firm earned $3.53 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 11.22 EPS for the current year.
Netflix Company Profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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