LMR Partners LLP purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The institutional investor purchased 8,373 shares of the Internet television network’s stock, valued at approximately $1,251,000.

A number of other large investors have also modified their holdings of NFLX. Rational Advisors LLC increased its stake in shares of Netflix by 372.1% in the second quarter. Rational Advisors LLC now owns 8,149 shares of the Internet television network’s stock worth $1,218,000 after buying an additional 6,423 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Netflix by 7.3% in the second quarter. Advisors Asset Management Inc. now owns 7,525 shares of the Internet television network’s stock worth $1,124,000 after buying an additional 515 shares during the last quarter. Pitcairn Co. increased its stake in shares of Netflix by 2.7% in the second quarter. Pitcairn Co. now owns 6,501 shares of the Internet television network’s stock worth $971,000 after buying an additional 170 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Netflix by 16.1% in the second quarter. Wedbush Securities Inc. now owns 2,475 shares of the Internet television network’s stock worth $370,000 after buying an additional 343 shares during the last quarter. Finally, IFC Holdings Incorporated FL increased its stake in shares of Netflix by 39.7% in the second quarter. IFC Holdings Incorporated FL now owns 4,254 shares of the Internet television network’s stock worth $628,000 after buying an additional 1,208 shares during the last quarter. 82.94% of the stock is owned by institutional investors.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 166.09 on Friday. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The firm has a market capitalization of $71.71 billion, a price-to-earnings ratio of 202.06 and a beta of 1.02. The stock has a 50 day moving average price of $170.35 and a 200-day moving average price of $154.56.

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 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 business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company earned $0.09 earnings per share. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix, Inc. will post $1.19 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/18/8373-shares-in-netflix-inc-nflx-acquired-by-lmr-partners-llp.html.

A number of brokerages have weighed in on NFLX. 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. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of Netflix in a report on Wednesday. Piper Jaffray Companies reissued an “overweight” rating and issued a $215.00 price target on shares of Netflix in a report on Monday. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $205.00 price target on shares of Netflix in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.12.

In related news, Director Leslie J. Kilgore sold 1,078 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00. Following the completion of the sale, the director now directly owns 36,274 shares in the company, valued at approximately $5,876,388. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 389,801 shares of company stock valued at $64,889,201. 4.90% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.