Shell Asset Management Co. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 207.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,549 shares of the Internet television network’s stock after buying an additional 18,594 shares during the period. Shell Asset Management Co.’s holdings in Netflix were worth $5,288,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in NFLX. SG Americas Securities LLC raised its position in shares of Netflix by 103.9% in the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after buying an additional 675,267 shares during the last quarter. Truepoint Inc. increased its position in Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after purchasing an additional 400,197 shares during the last quarter. Wells Fargo & Company MN increased its position in Netflix by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after purchasing an additional 354,801 shares during the last quarter. AGF Investments Inc. acquired a new position in Netflix during the third quarter worth approximately $60,036,000. Finally, American Century Companies Inc. increased its position in Netflix by 26.9% during the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock worth $258,815,000 after purchasing an additional 302,857 shares during the last quarter. 81.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $191.20, for a total transaction of $191,200.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $191,200. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the transaction, the chief executive officer now directly owns 91,861 shares in the company, valued at approximately $17,364,484.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 473,489 shares of company stock worth $116,251,464. Insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $315.88 on Wednesday. The company has a market cap of $137,080.00, a P/E ratio of 220.90, a P/E/G ratio of 4.55 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a fifty-two week low of $138.66 and a fifty-two week high of $333.98.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current year.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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