First Midwest Bank Trust Division Has $2.83 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)
First Midwest Bank Trust Division decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,693 shares of the Internet television network’s stock after selling 1,449 shares during the quarter. First Midwest Bank Trust Division’s holdings in Netflix were worth $2,825,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. TCG Advisors LP acquired a new stake in shares of Netflix during the first quarter worth $36,000. SevenBridge Financial Group LLC lifted its holdings in shares of Netflix by 66.7% during the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock worth $46,000 after buying an additional 50 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Netflix by 182.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock worth $50,000 after buying an additional 91 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in shares of Netflix during the first quarter worth $55,000. Finally, Shamrock Asset Management LLC acquired a new stake in shares of Netflix during the first quarter worth $53,000. 77.06% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on NFLX. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Oppenheimer set a $119.00 target price on American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. Loop Capital began coverage on TENCENT HOLDING/ADR in a report on Monday, June 3rd. They set a “buy” rating for the company. Raymond James dropped their target price on SM Energy from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, July 18th. Finally, BidaskClub downgraded Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $390.47.
Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts anticipate that Netflix, Inc. will post 3.28 EPS for the current fiscal year.
In other news, Director Ann Mather sold 1,208 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total transaction of $453,000.00. Following the sale, the director now directly owns 357 shares in the company, valued at $133,875. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 55,342 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $309.54, for a total value of $17,130,562.68. Following the sale, the chief executive officer now owns 55,342 shares in the company, valued at $17,130,562.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,862 shares of company stock worth $56,966,404. Company insiders own 3.72% of the company’s stock.
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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