Netflix, Inc. (NFLX) Position Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 47.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 496,301 shares of the Internet television network’s stock after acquiring an additional 160,582 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.11% of Netflix worth $74,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Jennison Associates LLC grew its stake in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares during the period. FMR LLC grew its stake in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after purchasing an additional 1,305,294 shares during the period. Vanguard Group Inc. grew its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after purchasing an additional 921,283 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after purchasing an additional 811,007 shares during the period. Finally, Tybourne Capital Management HK Ltd. grew its stake in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after purchasing an additional 590,966 shares during the period. Institutional investors own 81.03% of the company’s stock.

Several equities research analysts recently weighed in on NFLX shares. Instinet reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, June 2nd. Sanford C. Bernstein set a $203.00 price target on Netflix and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Canaccord Genuity upped their price target on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 price target (up from $175.00) on shares of Netflix in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Netflix in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus target price of $178.64.

In other Netflix news, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 233,858 shares of company stock worth $41,580,973. Insiders own 4.90% of the company’s stock.

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Netflix, Inc. (NASDAQ:NFLX) opened at 184.62 on Tuesday. The stock has a market capitalization of $79.71 billion, a P/E ratio of 224.60 and a beta of 1.05. The stock has a 50 day moving average price of $175.16 and a 200-day moving average price of $159.72. Netflix, Inc. has a one year low of $93.26 and a one year high of $191.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. Analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current year.

Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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