Cohen & Associates LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Ruben Ruiz
July 15, 2017

Oppenheimer & Co. Inc. increased its position in shares of Netflix, Inc. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Arthur M. Cohen & Associates LLC's holdings in Netflix were worth $332,000 at the end of the most recent quarter. It improved, as 55 investors sold NFLX shares while 228 reduced holdings. Ltd. increased its stake in Netflix by 24.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,193 shares of the Internet television network's stock valued at $3,173,000 after buying an additional 6,671 shares during the last quarter. TLP Group LLC bought a new stake in shares of Netflix during the third quarter valued at about $316,000. Twin Capital Management Inc. raised its position in Netflix by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after buying an additional 11 shares during the last quarter. 1832 Asset Management L.P. now owns 37,418 shares of the Internet television network's stock valued at $3,688,000 after buying an additional 33,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Netflix by 5.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock valued at $107,000 after buying an additional 706 shares during the period.

Institutional investors have recently bought and sold shares of the stock. While looking the figure depicted by the Price to Earning we can suggest that the shares of Netflix, Inc.

Netflix (NFLX) traded up 1.32% during trading on Wednesday, reaching $160.30. The company had a trading volume of 5,423,368 shares. The company's 50 day moving average price is $157.80 and its 200 day moving average price is $144.87. Stock value has moved between $84.6 - 166.54 in last one year. The stock has a market capitalization of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.98. Stock traders bought 41,834 put options on the stock. The company will deliver its second quarter earnings results on Monday, July 17 after the closing bell. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. That's more than Time Warner ($10 billion), and is larger than the combined content assets of Viacom ($4.9 billion), Discovery Communications ($2.4 billion), AMC Networks ($1.5 billion) and Scripps Networks Interactive ($1.1 billion), the analysts estimated. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company's revenue was up 34.7% on a year-over-year basis. They expect $0.15 earnings per share, up 66.67 % or $0.06 from last year's $0.09 per share. Analysts anticipate that Netflix, Inc. will post $1.05 earnings per share for the current fiscal year. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright laws. (NASDAQ:NFLX) have recently changed their ratings on the stock. Deutsche Bank AG raised their price objective on Netflix from $110.00 to $125.00 and gave the stock a "hold" rating in a research report on Monday, March 20th. Instinet reiterated a "buy" rating on shares of Netflix in a research report on Friday, June 2nd. Stifel Nicolaus raised their price objective on Netflix from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, April 18th.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $150.02, for a total value of $1,036,488.18. Greylin Investment Mangement Inc sold 12,750 shares as the company's stock declined 0.40% while stock markets rallied. Following the completion of the transaction, the general counsel now directly owns 41,629 shares of the company's stock, valued at $6,244,350. The disclosure for this sale can be found here. Considering that the stock daily volume of 6.69 million shares, this represents a pretty noteworthy trading in volume size that is above six million trading capacity in last session.

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Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Netflix, a provider an Internet television network.

Management is likely to add 0.60 million subscribers in the domestic streaming segment and 2.60 million subscribers in the worldwide segment.

The streaming service's original content (including acclaimed shows like "GLOW" and "Stranger Things") has become central to its growth.

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