Harvest Group Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 568 shares of the Internet television network’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Toronto Dominion Bank increased its holdings in shares of Netflix by 8.1% in the 1st quarter. Toronto Dominion Bank now owns 357,020 shares of the Internet television network’s stock valued at $127,266,000 after acquiring an additional 26,652 shares during the last quarter. Hall Capital Management Co. Inc. acquired a new position in Netflix during the 1st quarter valued at approximately $251,000. Mn Services Vermogensbeheer B.V. boosted its position in Netflix by 1.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 75,012 shares of the Internet television network’s stock valued at $26,746,000 after purchasing an additional 1,100 shares during the period. State Treasurer State of Michigan boosted its position in Netflix by 0.8% during the 1st quarter. State Treasurer State of Michigan now owns 125,834 shares of the Internet television network’s stock valued at $44,867,000 after purchasing an additional 1,000 shares during the period. Finally, TLW Wealth Management LLC acquired a new position in Netflix during the 1st quarter valued at approximately $2,746,000. Institutional investors and hedge funds own 76.08% of the company’s stock.
In related news, CEO Reed Hastings sold 54,418 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $362.00, for a total transaction of $19,699,316.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the sale, the director now owns 609 shares of the company’s stock, valued at approximately $225,330. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,491 shares of company stock valued at $60,694,221. 4.29% of the stock is currently owned by corporate insiders.
NFLX opened at $345.61 on Thursday. The stock has a market cap of $150.95 billion, a PE ratio of 128.96, a P/E/G ratio of 3.44 and a beta of 1.33. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $423.21. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 3.35 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This article was first reported by Tech Know Bits and is the property of of Tech Know Bits. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://techknowbits.com/2019/05/16/568-shares-in-netflix-inc-nflx-acquired-by-harvest-group-wealth-management-llc.html.
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.
Recommended Story: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.