Tower Research Capital LLC TRC Invests $1.05 Million in Netflix, Inc. (NFLX) Stock

Tower Research Capital LLC TRC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,993 shares of the Internet television network’s stock, valued at approximately $1,045,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares in the last quarter. BlackRock Inc. grew its position in Netflix by 1.7% during the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares in the last quarter. FMR LLC grew its position in Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. State Street Corp grew its position in Netflix by 2.7% during the 1st 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. Finally, Jennison Associates LLC grew its position in Netflix by 14.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

Shares of Netflix, Inc. (NFLX) traded up 1.87% during mid-day trading on Friday, reaching $198.02. 15,348,356 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $178.79 and its 200 day moving average price is $163.66. The company has a market cap of $85.49 billion, a PE ratio of 240.90 and a beta of 1.09. Netflix, Inc. has a 52-week low of $97.63 and a 52-week high of $198.92. Netflix also was the recipient of unusually large options trading activity on Thursday. Traders purchased 122,784 call options on the stock. This represents an increase of approximately 283% compared to the typical volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.17 EPS for the current year.

In other news, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 1,217 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $193.34, for a total transaction of $235,294.78. Following the completion of the sale, the insider now owns 1,217 shares of the company’s stock, valued at approximately $235,294.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 316,067 shares of company stock valued at $56,923,386. Company insiders own 4.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/08/tower-research-capital-llc-trc-invests-1-05-million-in-netflix-inc-nflx-stock.html.

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price objective (up from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $199.00 price objective (up from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a research report on Wednesday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective (up from $200.00) on shares of Netflix in a research repo

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares in the last quarter. BlackRock Inc. grew its position in Netflix by 1.7% during the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares in the last quarter. FMR LLC grew its position in Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. State Street Corp grew its position in Netflix by 2.7% during the 1st 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. Finally, Jennison Associates LLC grew its position in Netflix by 14.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

Shares of Netflix, Inc. (NFLX) traded up 1.87% during mid-day trading on Friday, reaching $198.02. 15,348,356 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $178.79 and its 200 day moving average price is $163.66. The company has a market cap of $85.49 billion, a PE ratio of 240.90 and a beta of 1.09. Netflix, Inc. has a 52-week low of $97.63 and a 52-week high of $198.92. Netflix also was the recipient of unusually large options trading activity on Thursday. Traders purchased 122,784 call options on the stock. This represents an increase of approximately 283% compared to the typical volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.17 EPS for the current year.

In other news, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 1,217 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $193.34, for a total transaction of $235,294.78. Following the completion of the sale, the insider now owns 1,217 shares of the company’s stock, valued at approximately $235,294.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 316,067 shares of company stock valued at $56,923,386. Company insiders own 4.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/08/tower-research-capital-llc-trc-invests-1-05-million-in-netflix-inc-nflx-stock.html.

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price objective (up from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $199.00 price objective (up from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a research report on Wednesday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective (up from $200.00) on shares of Netflix in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $187.13.

About Netflix

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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