D L Carlson Investment Group Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 20.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,826 shares of the Internet television network’s stock after acquiring an additional 2,490 shares during the quarter. Netflix comprises approximately 1.2% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 26th biggest position. D L Carlson Investment Group Inc.’s holdings in Netflix were worth $3,968,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Winthrop Partners WNY LLC raised its holdings in Netflix by 64.9% in the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 37 shares in the last quarter. 1 North Wealth Services LLC bought a new position in Netflix in the third quarter worth $25,000. Intercontinental Wealth Advisors LLC raised its holdings in Netflix by 100.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after purchasing an additional 48 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its holdings in Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Finally, CX Institutional bought a new position in Netflix in the third quarter worth $35,000. 79.29% of the stock is owned by institutional investors.
A number of research firms have issued reports on NFLX. Goldman Sachs Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Netflix in a report on Thursday, October 17th. Imperial Capital reiterated an “outperform” rating and issued a $446.00 price objective (down previously from $451.00) on shares of Netflix in a report on Monday, October 28th. Sanford C. Bernstein reduced their price target on Netflix from $450.00 to $422.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Bank of America reduced their price target on Netflix from $450.00 to $426.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, BidaskClub upgraded Netflix from a “strong sell” rating to a “sell” rating in a report on Thursday, October 3rd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Netflix presently has an average rating of “Hold” and an average target price of $369.54.
Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.42. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.33 earnings per share for the current fiscal year.
In other news, CEO Reed Hastings sold 52,269 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the transaction, the chief executive officer now owns 52,269 shares of the company’s stock, valued at approximately $15,685,926.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 135,702 shares of company stock worth $38,290,015. Corporate insiders own 4.29% of the company’s stock.
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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