Hartford Investment Management Co. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,204 shares of the Internet television network’s stock after acquiring an additional 447 shares during the quarter. Hartford Investment Management Co.’s holdings in Netflix were worth $19,543,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Netflix by 2.4% during the first quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock valued at $9,330,112,000 after purchasing an additional 605,419 shares during the period. Northern Trust Corp raised its holdings in shares of Netflix by 1.9% during the first quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock valued at $1,764,438,000 after purchasing an additional 90,312 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Netflix by 11.6% during the first quarter. Janus Henderson Group PLC now owns 3,257,549 shares of the Internet television network’s stock valued at $1,161,512,000 after purchasing an additional 339,899 shares during the period. Swiss National Bank raised its holdings in shares of Netflix by 2.8% during the first quarter. Swiss National Bank now owns 1,455,525 shares of the Internet television network’s stock valued at $518,982,000 after purchasing an additional 39,900 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Netflix by 2.9% during the first quarter. American Century Companies Inc. now owns 1,199,010 shares of the Internet television network’s stock valued at $427,519,000 after purchasing an additional 33,561 shares during the period. 77.03% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ann Mather sold 1,208 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares of the company’s stock, valued at approximately $133,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 57,414 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the transaction, the chief executive officer now directly owns 57,414 shares of the company’s stock, valued at $20,030,596.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,862 shares of company stock valued at $56,966,404. Company insiders own 3.72% of the company’s stock.
NASDAQ:NFLX opened at $311.00 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $139.59 billion, a price-to-earnings ratio of 116.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.24. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $386.80. The company has a 50-day moving average price of $353.50.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Analysts expect that Netflix, Inc. will post 3.28 earnings per share for the current year.
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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