Netflix (NFLX) Shares Sold by Columbus Circle Investors

Columbus Circle Investors lessened its stake in shares of Netflix (NASDAQ:NFLX) by 44.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,732 shares of the Internet television network’s stock after selling 167,665 shares during the period. Netflix makes up about 1.3% of Columbus Circle Investors’ portfolio, making the stock its 13th biggest position. Columbus Circle Investors’ holdings in Netflix were worth $61,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Trustcore Financial Services LLC grew its position in Netflix by 5.9% during the 1st quarter. Trustcore Financial Services LLC now owns 2,933 shares of the Internet television network’s stock worth $866,000 after purchasing an additional 163 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Netflix by 11.4% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,950 shares of the Internet television network’s stock worth $576,000 after purchasing an additional 200 shares during the last quarter. Buckingham Asset Management LLC grew its position in Netflix by 9.2% during the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 202 shares during the last quarter. Finally, Advantus Capital Management Inc grew its position in Netflix by 0.5% during the 1st quarter. Advantus Capital Management Inc now owns 44,692 shares of the Internet television network’s stock worth $13,200,000 after purchasing an additional 209 shares during the last quarter. 81.40% of the stock is currently owned by institutional investors.

In other news, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $327.25, for a total transaction of $327,250.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $327,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total transaction of $195,825.00. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,068,191.75. The disclosure for this sale can be found here. Insiders have sold 249,230 shares of company stock valued at $77,215,089 in the last ninety days. Insiders own 4.29% of the company’s stock.

NFLX has been the topic of several research analyst reports. Piper Jaffray boosted their target price on shares of Netflix from $360.00 to $367.00 in a research report on Tuesday, April 17th. Loop Capital boosted their target price on shares of Netflix from $325.00 to $330.00 in a research report on Tuesday, April 17th. Macquarie set a $275.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Morgan Stanley set a $275.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity restated a “buy” rating and set a $280.00 price objective (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $296.12.

Netflix opened at $324.18 on Friday, MarketBeat Ratings reports. Netflix has a 52-week low of $325.21 and a 52-week high of $328.70. The firm has a market cap of $140.92 billion, a PE ratio of 217.57, a price-to-earnings-growth ratio of 4.20 and a beta of 0.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. equities research analysts anticipate that Netflix will post 2.9 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply