Todays Report: Today, Girard Partners LTD. Takes Position in Netflix Inc. (NFLX)

Today, Girard Partners LTD. Takes Position in Netflix Inc. (NFLX)

Girard Partners LTD. acquired a new position in shares of Netflix Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,771 shares of the Internet television network’s stock, valued at approximately $273,000.

A number of other large investors also recently added to or reduced their stakes in NFLX. Capital Research Global Investors increased its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the last quarter. Vanguard Group Inc. increased its stake in Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock worth $2,291,951,000 after buying an additional 484,692 shares during the last quarter. Baillie Gifford & Co. increased its stake in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock worth $669,307,000 after buying an additional 314,275 shares during the last quarter. Capital World Investors increased its stake in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in Netflix by 0.4% in the second quarter. Janus Capital Management LLC now owns 3,194,418 shares of the Internet television network’s stock worth $292,225,000 after buying an additional 13,777 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors.

Netflix Inc. (NASDAQ:NFLX) traded down 0.1189% during mid-day trading on Friday, hitting $117.5501. 1,220,197 shares of the stock traded hands. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The company’s 50 day moving average price is $116.35 and its 200-day moving average price is $100.56. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 317.7030 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm posted $0.07 EPS. Netflix’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts predict that Netflix Inc. will post $0.40 earnings per share for the current year.

A number of research firms have recently issued reports on NFLX. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $103.71 target price for the company in a research note on Thursday, September 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 target price on shares of Netflix in a research note on Thursday, July 28th. Jefferies Group reiterated an “underperform” rating and issued a $76.00 target price on shares of Netflix in a research note on Friday, September 23rd. Cowen and Company reiterated an “outperform” rating and issued a $110.00 target price on shares of Netflix in a research note on Wednesday, October 12th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $130.00 target price on shares of Netflix in a research note on Monday, October 17th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $118.48.

In related news, CFO David B. Wells sold 500 shares of the stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the sale, the chief financial officer now directly owns 500 shares of the company’s stock, valued at approximately $60,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $96.90, for a total transaction of $67,830.00. Following the sale, the director now directly owns 15,562 shares in the company, valued at $1,507,957.80. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

About Netflix

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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