Gemmer Asset Management LLC Purchases 38 Shares of Netflix, Inc. (NFLX)

Gemmer Asset Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 309 shares of the Internet television network’s stock after buying an additional 38 shares during the period. Gemmer Asset Management LLC’s holdings in Netflix were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Allred Capital Management LLC increased its holdings in shares of Netflix by 4.5% in the first quarter. Allred Capital Management LLC now owns 2,028 shares of the Internet television network’s stock valued at $746,000 after purchasing an additional 87 shares during the last quarter. Shine Investment Advisory Services Inc. increased its holdings in shares of Netflix by 62.1% in the first quarter. Shine Investment Advisory Services Inc. now owns 274 shares of the Internet television network’s stock valued at $98,000 after purchasing an additional 105 shares during the last quarter. Kessler Investment Group LLC increased its holdings in shares of Netflix by 5.9% in the first quarter. Kessler Investment Group LLC now owns 16,965 shares of the Internet television network’s stock valued at $6,049,000 after purchasing an additional 950 shares during the last quarter. Pennsylvania Trust Co increased its holdings in shares of Netflix by 1,227.0% in the first quarter. Pennsylvania Trust Co now owns 13,084 shares of the Internet television network’s stock valued at $821,000 after purchasing an additional 12,098 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its holdings in shares of Netflix by 34.0% in the first quarter. KMG Fiduciary Partners LLC now owns 3,449 shares of the Internet television network’s stock valued at $1,230,000 after purchasing an additional 876 shares during the last quarter. Institutional investors and hedge funds own 76.02% of the company’s stock.

In other news, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $370.74, for a total value of $21,119,574.84. Following the completion of the transaction, the chief executive officer now owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 1,649 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the completion of the transaction, the director now directly owns 609 shares of the company’s stock, valued at approximately $225,330. The disclosure for this sale can be found here. Insiders sold 173,440 shares of company stock valued at $63,555,861 in the last three months. Company insiders own 4.29% of the company’s stock.

NFLX stock opened at $362.75 on Friday. The stock has a market capitalization of $161.97 billion, a PE ratio of 135.35, a P/E/G ratio of 3.83 and a beta of 1.33. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $423.21.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 3.35 EPS for the current year.

A number of equities research analysts have recently issued reports on NFLX shares. Barclays set a $375.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks reissued a “buy” rating on shares of Netflix in a research report on Friday, April 12th. Wedbush reissued a “sell” rating and issued a $150.00 target price on shares of Netflix in a research report on Monday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, January 14th. Finally, Raymond James raised shares of Netflix from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $435.00 to $450.00 in a research report on Friday, January 11th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $385.03.

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Netflix 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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