ARK Investment Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 47.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 139,238 shares of the Internet television network’s stock after acquiring an additional 44,542 shares during the period. Netflix accounts for approximately 2.1% of ARK Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. ARK Investment Management LLC’s holdings in Netflix were worth $26,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Sterling Capital Management LLC bought a new position in shares of Netflix in the second quarter worth approximately $254,000. Fisher Asset Management LLC lifted its holdings in shares of Netflix by 36.6% in the third quarter. Fisher Asset Management LLC now owns 2,111 shares of the Internet television network’s stock worth $383,000 after buying an additional 566 shares in the last quarter. BB&T Corp lifted its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares in the last quarter. Benchmark Capital Advisors lifted its holdings in shares of Netflix by 9.7% in the third quarter. Benchmark Capital Advisors now owns 3,400 shares of the Internet television network’s stock worth $617,000 after buying an additional 300 shares in the last quarter. Finally, Calamos Advisors LLC lifted its holdings in shares of Netflix by 6.5% in the third quarter. Calamos Advisors LLC now owns 222,425 shares of the Internet television network’s stock worth $40,337,000 after buying an additional 13,480 shares in the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.
Several equities analysts have recently commented on NFLX shares. Credit Suisse Group set a $224.00 target price on shares of Netflix and gave the stock a “neutral” rating in a report on Monday, January 8th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 target price on the stock in a report on Friday, December 22nd. Wedbush reissued an “underperform” rating and issued a $110.00 target price (up previously from $93.00) on shares of Netflix in a report on Tuesday, January 23rd. Finally, Loop Capital boosted their target price on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Netflix has an average rating of “Buy” and a consensus price target of $240.17.
Netflix, Inc. (NASDAQ:NFLX) opened at $285.93 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81. The stock has a market cap of $124,080.00, a PE ratio of 199.95, a price-to-earnings-growth ratio of 3.92 and a beta of 1.04.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 8.05% and a return on equity of 30.72%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. equities analysts anticipate that Netflix, Inc. will post 2.73 earnings per share for the current year.
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.
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