Kornitzer Capital Management Inc. KS maintained its stake in shares of Netflix Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The firm owned 54,315 shares of the Internet television network’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Netflix were worth $4,969,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. National Pension Service boosted its stake in shares of Netflix by 4.2% in the first quarter. National Pension Service now owns 215,392 shares of the Internet television network’s stock worth $22,020,000 after buying an additional 8,623 shares during the period. Hancock Holding Co. boosted its stake in shares of Netflix by 14.2% in the first quarter. Hancock Holding Co. now owns 120,712 shares of the Internet television network’s stock worth $12,340,000 after buying an additional 15,029 shares during the period. Geode Capital Management LLC boosted its stake in shares of Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock worth $352,036,000 after buying an additional 79,246 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Netflix by 2.5% in the first quarter. Pictet Asset Management Ltd. now owns 362,690 shares of the Internet television network’s stock worth $33,879,000 after buying an additional 8,776 shares during the period. Finally, Optimum Investment Advisors boosted its stake in shares of Netflix by 8.6% in the first quarter. Optimum Investment Advisors now owns 2,535 shares of the Internet television network’s stock worth $259,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 78.41% of the company’s stock.
Netflix Inc. (NASDAQ:NFLX) traded down 1.65% during trading on Monday, reaching $99.80. The company’s stock had a trading volume of 24,312,901 shares. The firm has a market capitalization of $42.79 billion, a price-to-earnings ratio of 311.88 and a beta of 1.14. The stock’s 50-day moving average is $98.93 and its 200 day moving average is $96.40. Netflix Inc. has a 52-week low of $79.95 and a 52-week high of $133.27.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company posted $0.07 EPS. Netflix’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts predict that Netflix Inc. will post $0.28 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. FBR & Co reiterated a “market perform” rating and issued a $90.00 target price on shares of Netflix in a research report on Wednesday, October 5th. Deutsche Bank AG assumed coverage on shares of Netflix in a research report on Monday, October 10th. They issued a “sell” rating and a $90.00 target price for the company. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Monday, October 10th. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $105.94 price objective for the company. in a report on Monday, October 3rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $94.00 price objective on shares of Netflix in a report on Tuesday, October 4th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Netflix presently has a consensus rating of “Hold” and a consensus target price of $110.29.
In related news, Director Richard N. Barton sold 2,800 shares of the stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the completion of the sale, the director now directly owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag acquired 600,000 shares of Netflix stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average cost of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate insiders.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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