Published: Fri, October 13, 2017
Business | By Max Garcia

Piedmont Investment Advisors LLC Has $13.11 Million Stake in Netflix, Inc. (NFLX)

Piedmont Investment Advisors LLC Has $13.11 Million Stake in Netflix, Inc. (NFLX)

Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network's stock valued at $405,000 after buying an additional 29 shares during the period. (The)'s price objective indicates a potential upside of 19.98% from the stock's current price.

A number of other analysts have also recently commented on the stock. The company is slated to report third quarter earnings on Monday.

Netflix Inc. shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world's biggest online-streaming company, citing its ability to raise fees without scaring away customers. Look for analysts to lift both their ratings and price targets following another solid quarterly report. Loop Capital maintained the shares of NFLX in report on Tuesday, April 11 with "Buy" rating. Finally, J P Morgan Chase & Co reaffirmed a "buy" rating on shares of Netflix in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. (NASDAQ:NFLX) has "Buy" rating given on Monday, August 10 by Stifel Nicolaus. Short shares grew 1,217,032 over that timeframe. The stock had a trading volume of 4,382,650 shares. In intraday trading Friday, Netflix notched a record high of 200.82. The firm has a 50 day moving average price of $181.96 and a 200 day moving average price of $165.19.

The company is also richly valued as it is now trading at a GAAP P/E ratio of 241.48, which is nearly ten times the S&P 500 average P/E ratio of 24. The Internet television network reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01).

Since May 1, 2017, it had 0 buys, and 12 insider sales for $30.52 million activity. During the same period in the previous year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 32.3% on a year-over-year basis. The expected NFLX's profit could reach $138.16M giving the stock 153.02 P/E in the case that $0.32 earnings per share is reported. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & global copyright & trademark legislation. If you are reading this story on another publication, it was stolen and republished in violation of United States & worldwide trademark & copyright laws. RBC Capital Markets maintained the shares of NFLX in report on Friday, June 16 with "Buy" rating. (NASDAQ:NFLX) rating on Tuesday, September 1. The stock was sold at an average price of $182.17, for a total value of $454,696.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Following the completion of the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. Over the last 90 days, insiders have sold 318,067 shares of company stock valued at $57,315,706. It dropped, as 64 investors sold NFLX shares while 222 reduced holdings. Hartford Investment Co holds 0.27% or 93,125 shares in its portfolio. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Netflix by 0.7% during the first quarter. (NASDAQ:NFLX). Pub Employees Retirement Of Ohio reported 285,024 shares. Heritage Investors Management Corp increased its stake in shares of Netflix by 0.6% during the 2nd quarter. State Street Corp now owns 17,535,737 shares of the Internet television network's stock worth $2,591,946,000 after purchasing an additional 463,143 shares in the last quarter. At current levels, Netflix, Inc. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock worth $242,000 after purchasing an additional 12 shares during the last quarter.

Netflix, Inc.is a provider an Internet television network. The Firm operates through three divisions: Domestic streaming, worldwide streaming and Domestic DVD.

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