Northstar Wealth Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.0% during the second quarter, Holdings Channel reports. The firm owned 2,441 shares of the Internet television network’s stock after buying an additional 407 shares during the period. Northstar Wealth Partners LLC’s holdings in Netflix were worth $372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in NFLX. Clean Yield Group purchased a new position in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC purchased a new position in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of Netflix during the first quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) opened at 180.27 on Monday. The company has a 50 day moving average price of $163.28 and a 200-day moving average price of $151.74. Netflix, Inc. has a 52 week low of $91.82 and a 52 week high of $191.50. The firm has a market capitalization of $77.83 billion, a price-to-earnings ratio of 219.31 and a beta of 1.02.

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 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%. Netflix’s revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current year.

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A number of brokerages have recently issued reports on NFLX. UBS AG reiterated a “buy” rating and issued a $175.00 price target on shares of Netflix in a report on Wednesday, April 19th. Credit Suisse Group reiterated a “neutral” rating and issued a $190.00 price target (up previously from $154.00) on shares of Netflix in a report on Tuesday, July 18th. Robert W. Baird reiterated a “neutral” rating and issued a $175.00 price target (up previously from $140.00) on shares of Netflix in a report on Tuesday, July 18th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $205.00 price target (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Finally, Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the company from $155.00 to $200.00 in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $174.36.

In other Netflix news, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total value of $15,998,190.95. Following the completion of the transaction, the chief executive officer now directly owns 101,815 shares of the company’s stock, valued at approximately $15,998,190.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The disclosure for this sale can be found here. Insiders sold a total of 398,801 shares of company stock valued at $66,269,371 over the last ninety days. Insiders own 4.90% of the company’s stock.

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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