Parametric Portfolio Associates LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 50.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,049,254 shares of the Internet television network’s stock after buying an additional 350,611 shares during the period. Parametric Portfolio Associates LLC owned about 0.24% of Netflix worth $156,769,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Roundview Capital LLC bought a new position in shares of Netflix in the second quarter worth approximately $202,000. Advisor Group Inc. lifted its stake in shares of Netflix by 11.0% in the second quarter. Advisor Group Inc. now owns 46,874 shares of the Internet television network’s stock worth $6,613,000 after buying an additional 4,636 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Netflix by 88.5% in the second quarter. Nordea Investment Management AB now owns 37,414 shares of the Internet television network’s stock worth $5,590,000 after buying an additional 17,564 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of Netflix by 106.8% in the second quarter. Cibc World Markets Corp now owns 92,969 shares of the Internet television network’s stock worth $13,890,000 after buying an additional 48,023 shares in the last quarter. Finally, Harfst & Associates Inc. lifted its stake in shares of Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.
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Several research analysts have recently issued reports on the stock. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $205.00 target price (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Cantor Fitzgerald increased their price objective on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Vetr upgraded shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price objective on the stock in a research report on Tuesday. MKM Partners increased their price objective on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Netflix in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $178.90.
In other Netflix news, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the transaction, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reed Hastings sold 75,467 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total transaction of $13,962,904.34. Following the completion of the transaction, the chief executive officer now owns 75,467 shares in the company, valued at $13,962,904.34. The disclosure for this sale can be found here. Insiders have sold 311,325 shares of company stock worth $55,912,478 over the last 90 days. Insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NFLX) traded down 0.76% on Friday, hitting $187.35. 5,464,312 shares of the stock were exchanged. The stock has a market cap of $80.89 billion, a PE ratio of 227.92 and a beta of 1.05. The company’s 50 day moving average is $175.28 and its 200-day moving average is $160.06. Netflix, Inc. has a 52-week low of $93.26 and a 52-week high of $191.50.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. Analysts predict that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
Netflix Company 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.
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