Sterling Investment Advisors Ltd. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485 shares of the Internet television network’s stock after purchasing an additional 50 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Netflix were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in Netflix by 59.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new stake in Netflix in the fourth quarter valued at about $27,000. Pearl River Capital LLC purchased a new position in shares of Netflix in the fourth quarter worth about $30,000. NuWave Investment Management LLC raised its stake in shares of Netflix by 338.5% in the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI raised its stake in shares of Netflix by 750.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 120 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.
NFLX traded down $5.59 during trading on Wednesday, hitting $349.19. The company’s stock had a trading volume of 5,280,524 shares, compared to its average volume of 8,637,423. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $423.21. The firm has a market cap of $154.95 billion, a P/E ratio of 130.29, a PEG ratio of 3.54 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the company earned $0.64 earnings per share. Netflix’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 3.33 EPS for the current year.
In other Netflix news, CEO Reed Hastings sold 52,458 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total value of $19,265,200.50. Following the sale, the chief executive officer now directly owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 166,838 shares of company stock worth $60,415,372. 4.29% of the stock is owned by corporate insiders.
NFLX has been the subject of several research analyst reports. Rosenblatt Securities restated a “hold” rating on shares of Netflix in a research note on Wednesday, April 17th. UBS Group reduced their price objective on Netflix from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. SunTrust Banks restated a “buy” rating on shares of Netflix in a research note on Friday, April 12th. Barclays restated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Finally, ValuEngine cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Netflix presently has an average rating of “Buy” and an average price target of $385.03.
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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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