Linscomb & Williams Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,719 shares of the Internet television network’s stock after purchasing an additional 125 shares during the period. Linscomb & Williams Inc.’s holdings in Netflix were worth $406,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Netflix during the second quarter valued at approximately $1,045,000. Calamos Advisors LLC boosted its stake in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after acquiring an additional 138,945 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Netflix in the second quarter valued at approximately $262,000. Guardian Life Insurance Co. of America boosted its stake in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after acquiring an additional 11 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after acquiring an additional 25,266 shares in the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.
In related news, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $194.00, for a total transaction of $175,182.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 316,067 shares of company stock worth $56,923,386. Company insiders own 4.90% of the company’s stock.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year.
Several equities research analysts have weighed in on the stock. Raymond James Financial, Inc. restated an “outperform” rating and issued a $205.00 target price (up from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Stifel Nicolaus raised their target price on shares of Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Netflix in a research note on Thursday, July 13th. Vetr upgraded shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price for the company in a research note on Tuesday, September 19th. Finally, MKM Partners raised their target price on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have issued a buy rating to the stock. Netflix has an average rating of “Buy” and an average price target of $188.82.
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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