Lucha Capital Management LP Buys New Position in Netflix, Inc. (NFLX)

Lucha Capital Management LP bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 16,995 shares of the Internet television network’s stock, valued at approximately $2,539,000. Netflix accounts for 0.8% of Lucha Capital Management LP’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Netflix by 0.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after purchasing an additional 9 shares during the period. Guardian Life Insurance Co. of America lifted its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the period. M Holdings Securities Inc. lifted its stake in shares of Netflix by 0.5% in the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after purchasing an additional 12 shares during the period. Heritage Investors Management Corp lifted its stake in shares of Netflix by 0.6% in the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the period. Finally, Northwest Wealth Management LLC lifted its stake in shares of Netflix by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 81.03% of the company’s stock.

Several equities analysts recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 target price (up from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC reissued a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target for the company in a report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $165.00 price target on shares of Netflix and gave the stock a “neutral” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $178.70.

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In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the company’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 sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,435 shares of company stock valued at $59,221,491. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NASDAQ:NFLX) traded up 0.76% on Monday, hitting $183.73. The stock had a trading volume of 1,972,690 shares. The company has a market cap of $79.33 billion, a PE ratio of 223.52 and a beta of 1.05. The stock has a 50-day moving average of $175.15 and a 200-day moving average of $159.15. 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm 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 company’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Equities analysts expect that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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