Cooper Financial Group lifted its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,620 shares of the Internet television network’s stock after acquiring an additional 186 shares during the quarter. Cooper Financial Group’s holdings in Netflix were worth $3,227,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in NFLX. Federated Hermes Inc. increased its position in shares of Netflix by 42.9% during the second quarter. Federated Hermes Inc. now owns 72,844 shares of the Internet television network’s stock valued at $49,161,000 after acquiring an additional 21,858 shares in the last quarter. 1ST Source Bank bought a new stake in shares of Netflix in the 2nd quarter worth about $239,000. Thoroughbred Financial Services LLC increased its holdings in shares of Netflix by 99.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock worth $1,216,000 after buying an additional 897 shares during the last quarter. Lyell Wealth Management LP raised its position in Netflix by 10.3% in the 2nd quarter. Lyell Wealth Management LP now owns 12,891 shares of the Internet television network’s stock worth $8,700,000 after purchasing an additional 1,203 shares during the period. Finally, Poehling Capital Management INC. bought a new position in shares of Netflix during the second quarter valued at approximately $1,424,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Insiders Place Their Bets
In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Netflix
Netflix Price Performance
NFLX stock traded down $3.53 during mid-day trading on Monday, reaching $834.16. 1,810,121 shares of the company traded hands, compared to its average volume of 2,889,015. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75. The company has a fifty day moving average price of $878.06 and a 200-day moving average price of $753.78. The company has a market capitalization of $356.57 billion, a P/E ratio of 47.21, a P/E/G ratio of 1.77 and a beta of 1.27.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.
Netflix Profile
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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