Profund Advisors LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,499 shares of the Internet television network’s stock after buying an additional 5,553 shares during the quarter. Profund Advisors LLC’s holdings in Netflix were worth $10,384,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Netflix by 3.5% during 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 buying an additional 921,283 shares during the period. BlackRock Inc. boosted its stake in Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares during the period. FMR LLC boosted its stake in Netflix by 6.6% during the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the period. State Street Corp boosted its stake in Netflix by 2.7% during the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares during the period. Finally, Jennison Associates LLC boosted its stake in Netflix by 14.0% during 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 buying an additional 1,814,056 shares during the period. 81.05% of the stock is owned by institutional investors.
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In other news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the transaction, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of Netflix 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 transaction, the insider now owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,435 shares of company stock worth $59,221,491. 4.90% of the stock is owned by insiders.
Netflix, Inc. (NASDAQ:NFLX) traded down 0.15% during mid-day trading on Friday, hitting $182.35. The company had a trading volume of 5,591,743 shares. The stock’s 50 day moving average price is $175.15 and its 200 day moving average price is $159.15. The firm has a market cap of $78.73 billion, a P/E ratio of 221.84 and a beta of 1.05. Netflix, Inc. has a 52-week low of $93.26 and a 52-week high of $191.50.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post $1.19 EPS for the current fiscal year.
Several research firms have commented on NFLX. MKM Partners lifted their price objective on shares of Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. BTIG Research boosted their target price on shares of Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Moffett Nathanson reissued a “neutral” rating on shares of Netflix in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 target price for the company in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $178.70.
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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