National Planning Corp raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,380 shares of the Internet television network’s stock after buying an additional 865 shares during the period. National Planning Corp’s holdings in Netflix were worth $640,000 at the end of the most recent reporting period.

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

Netflix, Inc. (NASDAQ NFLX) opened at 171.40 on Friday. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50. The stock has a market capitalization of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. The stock’s 50 day moving average price is $168.76 and its 200-day moving average price is $153.74.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $0.09 earnings per share. The business’s revenue was up 32.3% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post $1.19 earnings per share for the current year.

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NFLX has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Guggenheim lifted their target price on Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Canaccord Genuity lifted their target price on Netflix from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Bank of America Corporation reiterated a “buy” rating and set a $184.00 target price (up from $154.00) on shares of Netflix in a research report on Tuesday, April 18th. Finally, Pivotal Research lifted their target price on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.13.

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 value of $17,640,517.51. Following the completion of the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $176.41, for a total value of $352,820.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 389,801 shares of company stock valued at $64,889,201. 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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