Country Club Trust Company n.a. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,138 shares of the Internet television network’s stock after selling 78 shares during the quarter. Country Club Trust Company n.a.’s holdings in Netflix were worth $406,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in shares of Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after buying an additional 23,798,143 shares in the last quarter. Norges Bank purchased a new position in shares of Netflix in the fourth quarter valued at $1,209,406,000. Harris Associates L P increased its position in shares of Netflix by 90.8% in the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock valued at $832,301,000 after buying an additional 1,479,651 shares in the last quarter. Jennison Associates LLC increased its position in shares of Netflix by 9.0% in the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after buying an additional 792,338 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Netflix by 186.3% in the fourth quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock valued at $204,475,000 after buying an additional 497,137 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
A number of brokerages have recently weighed in on NFLX. SunTrust Banks restated a “buy” rating and issued a $402.00 price target on shares of Netflix in a research report on Wednesday, March 27th. UBS Group began coverage on Netflix in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price target for the company. Buckingham Research decreased their price objective on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Rosenblatt Securities reaffirmed a “hold” rating on shares of Netflix in a research note on Wednesday, April 17th. Finally, Wedbush increased their price objective on Netflix from $165.00 to $183.00 and gave the company an “underperform” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average price target of $385.03.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. As a group, research analysts forecast that Netflix, Inc. will post 3.35 earnings per share for the current fiscal year.
In other news, Director Anne M. Sweeney sold 1,649 shares of Netflix stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $370.00, for a total value of $610,130.00. Following the transaction, the director now directly owns 609 shares of the company’s stock, valued at approximately $225,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 342 shares of Netflix stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the transaction, the director now directly owns 342 shares in the company, valued at $123,120. The disclosure for this sale can be found here. Insiders sold a total of 173,440 shares of company stock worth $63,555,861 over the last ninety days. Corporate insiders own 4.29% of the company’s stock.
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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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