Netflix, Inc. (NASDAQ:NFLX) is Gables Capital Management Inc.’s 3rd Largest Position

Gables Capital Management Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,605 shares of the Internet television network’s stock after selling 25 shares during the quarter. Netflix makes up approximately 3.0% of Gables Capital Management Inc.’s holdings, making the stock its 3rd largest position. Gables Capital Management Inc.’s holdings in Netflix were worth $5,532,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. M&G Investment Management Ltd. increased its holdings in shares of Netflix by 23.9% in the 4th quarter. M&G Investment Management Ltd. now owns 3,717 shares of the Internet television network’s stock valued at $2,011,000 after acquiring an additional 716 shares during the last quarter. Bailard Inc. grew its position in shares of Netflix by 10.5% in the 4th quarter. Bailard Inc. now owns 986 shares of the Internet television network’s stock valued at $533,000 after buying an additional 94 shares during the last quarter. Trust Co. of Vermont raised its stake in Netflix by 32.2% during the 4th quarter. Trust Co. of Vermont now owns 1,354 shares of the Internet television network’s stock worth $732,000 after acquiring an additional 330 shares in the last quarter. CIBC Asset Management Inc lifted its position in Netflix by 6.8% in the fourth quarter. CIBC Asset Management Inc now owns 72,920 shares of the Internet television network’s stock valued at $39,430,000 after acquiring an additional 4,622 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Netflix by 12.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 2,304 shares of the Internet television network’s stock valued at $1,246,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 79.75% of the company’s stock.

NFLX has been the topic of a number of research reports. Evercore ISI initiated coverage on Netflix in a research note on Tuesday, April 6th. They set an “outperform” rating and a $665.00 price target on the stock. Canaccord Genuity lowered their target price on shares of Netflix from $670.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, April 21st. Oppenheimer reiterated a “buy” rating and issued a $620.00 price target on shares of Netflix in a research report on Wednesday, April 21st. Jefferies Financial Group reissued a “buy” rating and set a $620.00 price objective on shares of Netflix in a research report on Wednesday, May 19th. Finally, Barclays reaffirmed a “buy” rating and issued a $625.00 target price on shares of Netflix in a report on Wednesday, April 21st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $593.82.

Shares of NFLX traded up $2.00 during trading hours on Thursday, reaching $487.81. 239,242 shares of the company traded hands, compared to its average volume of 4,501,334. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $216.30 billion, a PE ratio of 58.52, a PEG ratio of 1.46 and a beta of 0.75. Netflix, Inc. has a fifty-two week low of $412.45 and a fifty-two week high of $593.29. The company’s fifty day moving average price is $512.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 19th. The Internet television network reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.77. Netflix had a return on equity of 34.47% and a net margin of 14.24%. The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter last year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 10.43 EPS for the current fiscal year.

In other news, Director Jay C. Hoag sold 2,639 shares of the firm’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $491.30, for a total value of $1,296,540.70. Following the transaction, the director now directly owns 1,309 shares in the company, valued at approximately $643,111.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.68% of the company’s stock.

Netflix Profile

Netflix, Inc provides entertainment services. 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 devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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