Tanaka Capital Management Inc. held its position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,085 shares of the Internet television network’s stock at the end of the second quarter. Tanaka Capital Management Inc.’s holdings in Netflix were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in NFLX. AXA boosted its holdings in Netflix by 92.0% in the first quarter. AXA now owns 158,400 shares of the Internet television network’s stock worth $23,413,000 after purchasing an additional 75,900 shares during the period. Traynor Capital Management Inc. boosted its holdings in Netflix by 7.8% in the first quarter. Traynor Capital Management Inc. now owns 34,776 shares of the Internet television network’s stock worth $5,430,000 after purchasing an additional 2,508 shares during the period. Summit Financial Wealth Advisors LLC acquired a new position in Netflix in the first quarter worth $220,000. Municipal Employees Retirement System of Michigan boosted its holdings in Netflix by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,080 shares of the Internet television network’s stock worth $2,229,000 after purchasing an additional 130 shares during the period. Finally, HCR Wealth Advisors boosted its holdings in Netflix by 11.1% in the first quarter. HCR Wealth Advisors now owns 2,749 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 275 shares during the period. 81.02% of the stock is owned by hedge funds and other institutional investors.
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In related news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,067 shares of company stock valued at $57,315,706. 4.90% of the stock is currently owned by insiders.
Shares of Netflix, Inc. (NFLX) traded up 1.029% on Friday, hitting $197.875. The stock had a trading volume of 6,903,109 shares. Netflix, Inc. has a 52 week low of $98.38 and a 52 week high of $200.82. The stock’s 50-day moving average price is $181.96 and its 200 day moving average price is $165.19. The company has a market cap of $85.43 billion, a PE ratio of 240.724 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. On average, analysts predict that Netflix, Inc. will post $1.18 EPS for the current year.
A number of equities analysts have commented on NFLX shares. Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $168.56 price objective for the company. in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Wednesday, June 28th. Guggenheim reaffirmed a “buy” rating and issued a $180.00 price objective (up previously from $175.00) on shares of Netflix in a report on Tuesday, June 20th. MKM Partners reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Finally, Canaccord Genuity lifted their price objective on shares of Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. Netflix has an average rating of “Buy” and a consensus price target of $190.99.
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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