Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Telos Capital Management Inc.

Telos Capital Management Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,236 shares of the Internet television network’s stock after buying an additional 220 shares during the quarter. Telos Capital Management Inc.’s holdings in Netflix were worth $441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in Netflix by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 3,910,792 shares of the Internet television network’s stock valued at $1,463,144,000 after purchasing an additional 111,054 shares during the last quarter. Point72 Hong Kong Ltd raised its position in Netflix by 131.3% in the third quarter. Point72 Hong Kong Ltd now owns 333 shares of the Internet television network’s stock valued at $125,000 after purchasing an additional 189 shares during the last quarter. Advisors Asset Management Inc. raised its position in Netflix by 27.6% in the third quarter. Advisors Asset Management Inc. now owns 10,060 shares of the Internet television network’s stock valued at $3,764,000 after purchasing an additional 2,175 shares during the last quarter. Macquarie Group Ltd. raised its position in Netflix by 6.1% in the third quarter. Macquarie Group Ltd. now owns 43,422 shares of the Internet television network’s stock valued at $16,245,000 after purchasing an additional 2,512 shares during the last quarter. Finally, Resources Management Corp CT ADV bought a new position in Netflix in the third quarter valued at about $144,000. 76.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NFLX stock opened at $361.04 on Friday. The company has a market capitalization of $158.60 billion, a price-to-earnings ratio of 134.72, a price-to-earnings-growth ratio of 3.61 and a beta of 1.33. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 3.35 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 56,966 shares of the firm’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 sale, the chief executive officer now owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 342 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 342 shares of the company’s stock, valued at approximately $123,120. 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. Insiders own 4.29% of the company’s stock.

NFLX has been the subject of several research reports. Monness Crespi & Hardt reiterated a “buy” rating and issued a $440.00 target price (up from $430.00) on shares of Netflix in a research report on Friday, January 18th. Canaccord Genuity increased their target price on Netflix from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, January 18th. Bank of America restated a “buy” rating and set a $450.00 price objective (up from $440.00) on shares of Netflix in a research report on Friday, January 18th. Stifel Nicolaus restated a “buy” rating and set a $400.00 price objective (up from $380.00) on shares of Netflix in a research report on Friday, January 18th. Finally, Pivotal Research raised their price objective on Netflix from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $385.03.

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About Netflix

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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