Published: Tue, March 20, 2018
Finance | By Loren Pratt

Netflix, Inc. (NFLX) Shares Sold by Advisory Research Inc

Netflix, Inc. (NFLX) Shares Sold by Advisory Research Inc

Alliancebernstein Lp decreased its stake in Netflix Inc (NFLX) by 1.93% based on its latest 2017Q3 regulatory filing with the SEC. The firm owned 8,129 shares of the Internet television network's stock after purchasing an additional 3,787 shares during the quarter.

Several other institutional investors have also modified their holdings of NFLX.

Netflix shares have jumped in value and are up by more than 40% since the streaming company reported better than expected subscriber growth in the fourth quarter of 2017 in January. Ark Investment Management LLC now owns 62,715 shares of the Internet television network's stock valued at $9,370,000 after purchasing an additional 17,064 shares during the last quarter. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since March 7, 2017 and is uptrending. Intl Fcstone Inc. bought a new position in shares of Netflix in the 2nd quarter worth approximately $278,000. ARK Investment Management LLC raised its stake in Netflix by 47.0% in the 4th quarter. Arthur M. Cohen & Associates LLC purchased a new position in shares of Netflix during the 4th quarter worth about $1,082,000. Zacks Investment Research raised Netflix from a "hold" rating to a "buy" rating and set a $213.00 price target on the stock in a research report on Tuesday, December 19th. Canaccord Genuity restated a "buy" rating and issued a $280.00 target price (up from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd.

Jeffrey Wlodarczak at Pivotal Research Group raised his price target to a Street-high $400 on Tuesday, arguing that as long as Netflix continues to beat estimates and issue bullish subscriber forecasts, the stock will continue to advance. On Tuesday, the stock touched an all-time high of $325.79, up 70% just this year (after gaining 55% last year). (NFLX) traded down $6.56 during midday trading on Wednesday, hitting $318.66. The company had a trading volume of 7,966,020 shares, compared to its average volume of 10,846,763. The company has a market capitalization of $138,050.00, a PE ratio of 223.36, a PEG ratio of 4.32 and a beta of 0.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd.


Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens.

The company's aggressive spending on original content and marketing means it probably won't generate free cash flow for the next few years, with analysts on average predicting outflows of $2.85 billion this year, $1.92 billion in 2019 and $1.16 billion 2020, according to data compiled by Bloomberg. The Return on Equity (ROE) value stands at 17.2%. While the analyst once thought Netflix would have 230 million worldwide subscribers in its base within the next six years, now the analyst calls for 250 million global subscribers. During the same quarter previous year, the firm posted $0.15 earnings per share.

In related news, CEO Reed Hastings sold 91,861 shares of the firm's stock in a transaction that occurred on Thursday, December 21st.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 66.98%, and has a solid year to date (YTD) performance of 69.42% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodore A. Sarandos sold 163,747 shares of the company's stock in a transaction on Thursday, February 8th. Shares for $2.13 million were sold by Peters Gregory K on Tuesday, January 23. Institutional investors and hedge funds own 80.82% of the company's stock. The disclosure for this sale can be found here. Alliancebernstein Lp sold 16,574 shares as the company's stock rose 10.41% with the market.

"We are attracted to Netflix's business and competitive position, but believe share price may have sprinted ahead of fundamentals in the short-term", the analyst wrote. (NASDAQ:NFLX) have caught the attention of investors. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and worldwide copyright & trademark legislation. The legal version of this piece can be read at https://weekherald.com/2018/03/07/calamos-wealth-management-llc-has-1-56-million-holdings-in-netflix-inc-nflx.html.

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