Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 58,071 shares of the Internet television network’s stock after acquiring an additional 262 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Netflix were worth $35,443,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evermay Wealth Management LLC purchased a new position in shares of Netflix during the 2nd quarter valued at about $35,000. Pacifica Partners Inc. raised its stake in shares of Netflix by 126.7% during the 3rd quarter. Pacifica Partners Inc. now owns 68 shares of the Internet television network’s stock valued at $40,000 after buying an additional 38 shares during the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of Netflix by 58.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 73 shares of the Internet television network’s stock valued at $45,000 after buying an additional 27 shares during the last quarter. Private Ocean LLC raised its stake in shares of Netflix by 70.5% during the 3rd quarter. Private Ocean LLC now owns 75 shares of the Internet television network’s stock valued at $46,000 after buying an additional 31 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Netflix during the 2nd quarter valued at about $55,000. 80.41% of the stock is owned by institutional investors.

In other Netflix news, Director Jay C. Hoag sold 2,472 shares of the stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $700.19, for a total transaction of $1,730,869.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gregory K. Peters sold 7,058 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $700.00, for a total value of $4,940,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,792 shares of company stock worth $20,692,321 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Netflix from $750.00 to $725.00 and set an “overweight” rating for the company in a research note on Thursday, January 6th. Deutsche Bank Aktiengesellschaft lowered Netflix from a “buy” rating to a “hold” rating and set a $590.00 price target for the company. in a research note on Wednesday, October 20th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on Netflix from $650.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 12th. Stifel Nicolaus lifted their price target on Netflix from $650.00 to $690.00 and gave the company a “buy” rating in a research note on Wednesday, October 20th. Finally, Erste Group upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Friday, November 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $663.67.

Shares of NFLX traded down $2.35 during mid-day trading on Friday, reaching $516.85. The company’s stock had a trading volume of 144,562 shares, compared to its average volume of 4,056,730. Netflix, Inc. has a 12-month low of $478.54 and a 12-month high of $700.99. The stock has a market cap of $228.94 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50 day moving average is $618.98 and its 200 day moving average is $590.90.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 18th. The Internet television network reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.63. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.48 billion. Netflix had a return on equity of 38.03% and a net margin of 17.64%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 10.74 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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