Abel Hall LLC Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Abel Hall LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 531 shares of the Internet television network’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Capital World Investors grew its position in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after purchasing an additional 78,320 shares in the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth approximately $2,558,598,000. Northern Trust Corp grew its position in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after purchasing an additional 78,298 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 2.5 %

NFLX traded up $16.12 during midday trading on Friday, hitting $669.38. The company had a trading volume of 4,447,116 shares, compared to its average volume of 2,549,279. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $615.54 and its 200 day moving average price is $569.03. The company has a market capitalization of $288.50 billion, a price-to-earnings ratio of 46.45, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $675.58.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 price target on shares of Netflix in a research report on Wednesday, May 15th. Guggenheim increased their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Macquarie increased their price target on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Citigroup increased their price objective on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Finally, Barclays increased their price objective on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $632.06.

View Our Latest Research Report on Netflix

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 69,994 shares of company stock valued at $42,036,266 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Company Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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