Trexquant Investment LP bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The firm bought 6,500 shares of the Internet television network’s stock, valued at approximately $971,000.

A number of other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the period. FMR LLC raised its stake in Netflix by 6.6% in 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. Vanguard Group Inc. raised its stake in Netflix by 3.5% in 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. Tybourne Capital Management HK Ltd. raised its stake in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares during the period. Finally, Morgan Stanley raised its stake in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares during the period. 82.78% of the stock is currently owned by institutional investors and hedge funds.

Netflix, Inc. (NASDAQ:NFLX) opened at 175.78 on Thursday. The company has a 50 day moving average of $167.89 and a 200-day moving average of $153.38. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50. The stock has a market cap of $75.89 billion, a P/E ratio of 213.84 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company earned $0.09 EPS. The business’s revenue was up 32.3% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post $1.19 earnings per share for the current year.

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NFLX has been the topic of a number of analyst reports. Wedbush upped their target price on shares of Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 target price on the stock in a report on Monday, April 17th. Pivotal Research upped their target price on shares of Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. William Blair reaffirmed an “outperform” rating and set a $165.00 target price on shares of Netflix in a report on Saturday, April 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 target price on shares of Netflix in a report on Monday, April 17th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $174.74.

In other news, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the transaction, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 389,801 shares of company stock worth $64,889,201. Corporate insiders own 4.90% of the company’s stock.

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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