Business

1295 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Maryland Capital Management

Maryland Capital Management acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,295 shares of the Internet television network’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Bank of New York Mellon Corp lifted its position in shares of Netflix by 4.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock worth $729,077,000 after purchasing an additional 159,750 shares during the last quarter. First Trust Advisors LP increased its stake in Netflix by 9.7% during the fourth quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock valued at $380,075,000 after acquiring an additional 174,630 shares during the period. Wells Fargo & Company MN increased its stake in Netflix by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after acquiring an additional 354,801 shares during the period. Legal & General Group Plc grew its stake in shares of Netflix by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock valued at $336,420,000 after purchasing an additional 58,691 shares during the period. Finally, Swiss National Bank grew its stake in shares of Netflix by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock valued at $288,133,000 after purchasing an additional 16,300 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.

Shares of Netflix stock opened at $300.94 on Friday. Netflix, Inc. has a 52-week low of $138.66 and a 52-week high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $133,091.98, a PE ratio of 240.75, a price-to-earnings-growth ratio of 4.20 and a beta of 0.96.

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