Prime Capital Investment Advisors LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 92.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,206 shares of the Internet television network’s stock after selling 14,269 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Netflix were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Netflix by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 3,910,792 shares of the Internet television network’s stock worth $1,463,144,000 after acquiring an additional 111,054 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Netflix during the third quarter worth approximately $685,000. Point72 Hong Kong Ltd boosted its position in Netflix by 131.3% during the third quarter. Point72 Hong Kong Ltd now owns 333 shares of the Internet television network’s stock worth $125,000 after acquiring an additional 189 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Netflix by 27.6% during the third quarter. Advisors Asset Management Inc. now owns 10,060 shares of the Internet television network’s stock worth $3,764,000 after acquiring an additional 2,175 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Netflix by 6.1% during the third quarter. Macquarie Group Ltd. now owns 43,422 shares of the Internet television network’s stock worth $16,245,000 after acquiring an additional 2,512 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.
A number of analysts recently issued reports on NFLX shares. Royal Bank of Canada restated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Netflix in a research report on Friday, January 18th. Morgan Stanley raised their target price on shares of Netflix from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, January 18th. Credit Suisse Group restated a “buy” rating and set a $440.00 target price on shares of Netflix in a research report on Friday, January 18th. UBS Group reaffirmed an “outperform” rating and set a $410.00 price target (down previously from $425.00) on shares of Netflix in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “hold” rating on shares of Netflix in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $383.45.
In related news, CEO Reed Hastings sold 67,907 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the sale, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 342 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $360.00, for a total transaction of $123,120.00. Following the sale, the director now directly owns 342 shares of the company’s stock, valued at $123,120. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,381 shares of company stock valued at $64,721,327. Company insiders own 4.29% of the company’s stock.
Shares of NFLX stock opened at $359.46 on Wednesday. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $152.32 billion, a PE ratio of 134.13, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36.
Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 3.98 earnings per share for the current year.
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Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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