Amarillo National Bank maintained its stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, Holdings Channel reports. The fund owned 15,348 shares of the Internet television network’s stock at the end of the first quarter. Netflix comprises 0.8% of Amarillo National Bank’s investment portfolio, making the stock its 15th largest position. Amarillo National Bank’s holdings in Netflix were worth $2,269,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Matrix Capital Management Company LP bought a new stake in shares of Netflix during the third quarter valued at approximately $394,732,000. Viking Global Investors LP boosted its stake in shares of Netflix by 145.5% in the fourth quarter. Viking Global Investors LP now owns 6,469,312 shares of the Internet television network’s stock valued at $800,901,000 after buying an additional 3,834,045 shares during the period. Norges Bank bought a new stake in shares of Netflix during the fourth quarter valued at approximately $357,283,000. Capital Research Global Investors boosted its stake in shares of Netflix by 3.6% in the third quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock valued at $5,099,507,000 after buying an additional 1,777,574 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $136,861,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.5244% during midday trading on Thursday, reaching $143.0758. 2,335,954 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $143.46 and a 200-day moving average of $129.02. The company has a market capitalization of $61.58 billion, a PE ratio of 332.7344 and a beta of 1.27. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $148.29.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post $1.11 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on the stock. Robert W. Baird restated a “neutral” rating and set a $138.00 target price on shares of Netflix in a report on Monday, April 3rd. Rosenblatt Securities assumed coverage on shares of Netflix in a report on Tuesday, April 4th. They set a “neutral” rating and a $150.00 target price for the company. Loop Capital restated a “buy” rating and set a $167.00 target price (up from $159.00) on shares of Netflix in a report on Monday, March 20th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a report on Tuesday, March 21st. Finally, Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $137.95 target price for the company. in a report on Monday, March 20th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $140.67.
In other Netflix news, CEO Reed Hastings sold 86,835 shares of the stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $131.96, for a total transaction of $11,458,746.60. Following the completion of the transaction, the chief executive officer now directly owns 86,835 shares in the company, valued at $11,458,746.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 16,667 shares of the stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $142.45, for a total value of $2,374,214.15. Following the transaction, the insider now owns 21,756 shares of the company’s stock, valued at $3,099,142.20. The disclosure for this sale can be found here. Insiders have sold 339,183 shares of company stock valued at $47,764,316 over the last quarter. Corporate insiders own 4.90% of the company’s stock.
Netflix Company Profile
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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