Also, Director Richard N. Barton sold 2,800 shares of the company's stock in a transaction dated Tuesday, October 25th. Quadrant Capital Group LLC raised its stake in Netflix by 15.1% in the second quarter. Jennison Associates LLC increased its stake in Netflix by 14.0% during the second quarter.
Other large investors also recently bought and sold shares of the company. Finally, Vanguard Group Inc. raised its holdings in Netflix by 2.9% in the second quarter. Westpac Banking Corp now owns 38,925 shares of the Internet television network's stock valued at $5,816,000 after buying an additional 6,553 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Netflix by 0.3% in the 3rd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. The Omega Advisors Inc holds 65,000 shares with $9.71 million value, down from 77,700 last quarter. LLC owned 0.57% of Netflix worth $444,942,000 as of its most recent filing with the SEC. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network's stock worth $4,176,049,000 after purchasing an additional 789,190 shares in the last quarter.
Omega Advisors Inc increased Zynga Inc (NASDAQ:ZNGA) stake by 2.13M shares to 9.19M valued at $33.46M in 2017Q2. The fund owned 2,453,499 shares of the Internet television network's stock after selling 87,894 shares during the quarter.
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Shares of Netflix, Inc. (NASDAQ:NFLX). Hap Trading Ltd Company invested in 0.1% or 12,518 shares. Trading volume for Netflix, Inc. was 6.62 Million in its previous trading session. According to these analysts, the Low Revenue Estimate for Netflix, Inc.is 3.24 Billion and the High Revenue Estimate is 3.36 Billion. The stock has a market cap of $84,360.00, a PE ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03).
Analysts believe that the company has the potential to earn average revenue of $3.28 Billion for the current quarter. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The company has market cap of $2.29 billion. During the same quarter in the previous year, the company earned $0.12 earnings per share. equities analysts forecast that Netflix, Inc. will post 1.28 earnings per share for the current year.
Several brokerages have weighed in on NFLX. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the stock a "buy" rating in a research note on Wednesday, August 30th. BMO Capital Markets upped their price target on Netflix to $150.00 and gave the company a "market perform" rating in a research report on Thursday. Citigroup Inc. raised their target price on Netflix from $180.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, October 13th. Loop Capital restated a "buy" rating and issued a $237.00 price objective on shares of Netflix in a report on Thursday, October 26th. As per Thursday, October 13, the company rating was maintained by Cantor Fitzgerald. Raymond James maintained it with "Buy" rating and $16500 target in Friday, June 23 report. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64.
In other news, CFO David B. Wells sold 1,000 shares of the company's stock in a transaction on Wednesday, November 8th. Omega Advisors Inc sold 12,700 shares as Netflix Inc (NFLX)'s stock rose 10.41%. Following the sale, the chief financial officer now directly owns 1,000 shares of the company's stock, valued at approximately $191,120. The disclosure for this sale can be found here. The insider SCHIEBER PAUL W JR sold 24,465 shares worth $201,105.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.