Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Glassman Wealth Services

Glassman Wealth Services raised its position in Netflix, Inc. (NASDAQ:NFLX) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 638 shares of the Internet television network’s stock after acquiring an additional 41 shares during the period. Glassman Wealth Services’ holdings in Netflix were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Magnus Financial Group LLC grew its stake in Netflix by 3.2% during the 1st quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock valued at $399,000 after acquiring an additional 35 shares in the last quarter. State of Tennessee Treasury Department grew its stake in Netflix by 6.0% during the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock valued at $78,457,000 after acquiring an additional 16,622 shares in the last quarter. Usca Ria LLC grew its stake in Netflix by 6.8% during the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after acquiring an additional 130 shares in the last quarter. Bach Investment Advisors Ltd grew its stake in Netflix by 128.9% during the 1st quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock valued at $436,000 after acquiring an additional 5,465 shares in the last quarter. Finally, Telos Capital Management Inc. grew its stake in Netflix by 21.7% during the 1st quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock valued at $441,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 77.02% of the company’s stock.

Shares of NASDAQ NFLX traded down $2.70 during midday trading on Friday, hitting $367.32. The company had a trading volume of 4,585,737 shares, compared to its average volume of 5,573,989. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $419.77. The firm has a 50-day simple moving average of $355.31. The firm has a market cap of $161.78 billion, a price-to-earnings ratio of 137.06, a price-to-earnings-growth ratio of 3.69 and a beta of 1.30.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 3.34 earnings per share for the current fiscal year.

In related news, CEO Reed Hastings sold 51,898 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $372.89, for a total value of $19,352,245.22. Following the completion of the sale, the chief executive officer now owns 51,898 shares in the company, valued at $19,352,245.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 166,278 shares of company stock valued at $60,502,416 in the last quarter. Company insiders own 4.29% of the company’s stock.

Several analysts recently issued reports on the stock. BidaskClub raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Wolfe Research began coverage on shares of Netflix in a research note on Thursday, June 20th. They set an “outperform” rating and a $442.00 price objective for the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $440.00 target price on shares of Netflix in a report on Monday, June 17th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the company from $395.00 to $425.00 in a report on Monday, June 3rd. Finally, ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $387.63.

Netflix Profile

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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