Jul 17, 2017

Teachers Advisors LLC Buys 25,266 Shares of Netflix, Inc. (NASDAQ:NFLX)

Teachers Advisors LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

The fund owned 1,300,531 shares of the Internet television network's stock after buying an additional 25,266 shares during the period. Teachers Advisors LLC owned 0.30% of Netflix worth $192,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Lakeview Capital Partners LLC acquired a new position in Netflix during the first quarter worth $214,000. Advantus Capital Management Inc raised its position in Netflix by 0.6% in the first quarter. Advantus Capital Management Inc now owns 43,359 shares of the Internet television network's stock worth $6,409,000 after buying an additional 252 shares during the period. FMR LLC raised its position in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network's stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the period. Stratos Wealth Partners LTD. raised its position in Netflix by 11.3% in the first quarter. Stratos Wealth Partners LTD. now owns 8,241 shares of the Internet television network's stock worth $1,218,000 after buying an additional 834 shares during the period. Finally, Principal Financial Group Inc. raised its position in Netflix by 1.9% in the first quarter. Principal Financial Group Inc. now owns 626,531 shares of the Internet television network's stock worth $92,608,000 after buying an additional 11,451 shares during the period. 82.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 161.12 on Monday. The company's 50 day moving average price is $157.80 and its 200 day moving average price is $144.87. The stock has a market capitalization of $69.44 billion, a PE ratio of 208.43 and a beta of 0.98. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $166.87.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.64 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. Netflix's revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. Equities analysts anticipate that Netflix, Inc. will post $1.05 earnings per share for the current fiscal year.

A number of research firms recently weighed in on NFLX. Vetr lowered shares of Netflix from a "buy" rating to a "hold" rating and set a $164.65 target price for the company. in a report on Monday. BidaskClub raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Sunday. Cowen and Company reissued a "buy" rating and issued a $170.00 target price on shares of Netflix in a report on Friday. FBR & Co restated a "market perform" rating and issued a $145.00 price target on shares of Netflix in a research report on Friday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $190.00 price target on shares of Netflix in a research report on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have issued a buy rating to the company. The company presently has an average rating of "Buy" and an average price target of $151.47.

In related news, CEO Reed Hastings sold 91,994 shares of Netflix stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $140.97, for a total transaction of $12,968,394.18. Following the completion of the transaction, the chief executive officer now directly owns 91,994 shares of the company's stock, valued at $12,968,394.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the transaction, the director now directly owns 8,012 shares of the company's stock, valued at $1,180,888.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 421,458 shares of company stock valued at $64,206,893. 4.90% of the stock is currently owned by insiders.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.


The Markets Daily

by Michael Walen