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

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RMB Capital Management LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,073 shares of the Internet television network’s stock after acquiring an additional 90 shares during the quarter. RMB Capital Management LLC’s holdings in Netflix were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nelson Roberts Investment Advisors LLC lifted its holdings in shares of Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after buying an additional 72 shares during the period. TCG Advisors LP acquired a new stake in shares of Netflix in the first quarter valued at $36,000. SRS Capital Advisors Inc. acquired a new stake in shares of Netflix in the second quarter valued at $39,000. SevenBridge Financial Group LLC lifted its holdings in shares of Netflix by 66.7% in the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after buying an additional 50 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Netflix by 182.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after buying an additional 91 shares during the period. Institutional investors own 78.96% of the company’s stock.

NASDAQ:NFLX traded down $7.54 during trading hours on Thursday, hitting $284.02. 434,372 shares of the company’s stock traded hands, compared to its average volume of 5,774,727. The firm has a market cap of $128.85 billion, a P/E ratio of 105.82, a P/E/G ratio of 3.02 and a beta of 1.24. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $386.80. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average price is $300.28 and its two-hundred day moving average price is $344.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. Netflix’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 3.25 earnings per share for the current year.

In other Netflix news, Director Bradford L. Smith purchased 6,499 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the completion of the transaction, the director now owns 799 shares of the company’s stock, valued at $246,483.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 52,269 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $300.10, for a total value of $15,685,926.90. Following the transaction, the chief executive officer now directly owns 52,269 shares in the company, valued at $15,685,926.90. The disclosure for this sale can be found here. Insiders have sold 160,717 shares of company stock worth $52,621,735 over the last three months. 4.29% of the stock is owned by insiders.

Several analysts have recently weighed in on NFLX shares. Royal Bank of Canada set a $450.00 price objective on Netflix and gave the company a “buy” rating in a report on Monday, August 26th. Citigroup cut their price objective on Netflix from $420.00 to $410.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Rosenblatt Securities restated a “neutral” rating and issued a $370.00 price objective (up previously from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Nomura cut their price objective on Netflix from $320.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 18th. Finally, Credit Suisse Group set a $440.00 target price on Netflix and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $391.38.

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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