Vanguard Group Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,950,272 shares of the Internet television network’s stock after acquiring an additional 789,190 shares during the quarter. Vanguard Group Inc. owned approximately 6.47% of Netflix worth $4,176,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in NFLX. Acadian Asset Management LLC raised its holdings in shares of Netflix by 193.5% during the first quarter. Acadian Asset Management LLC now owns 1,676 shares of the Internet television network’s stock valued at $248,000 after acquiring an additional 1,105 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Netflix by 12.0% during the first quarter. UBS Asset Management Americas Inc. now owns 1,056,540 shares of the Internet television network’s stock valued at $156,167,000 after acquiring an additional 112,890 shares in the last quarter. Wade G W & Inc. raised its holdings in shares of Netflix by 29.0% during the first quarter. Wade G W & Inc. now owns 3,073 shares of the Internet television network’s stock valued at $454,000 after acquiring an additional 690 shares in the last quarter. Pax World Management LLC raised its holdings in shares of Netflix by 10.7% during the first quarter. Pax World Management LLC now owns 3,101 shares of the Internet television network’s stock valued at $458,000 after acquiring an additional 300 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Netflix by 47.0% during the first quarter. Engineers Gate Manager LP now owns 26,267 shares of the Internet television network’s stock valued at $3,883,000 after acquiring an additional 8,399 shares in the last quarter. Institutional investors own 81.03% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.32% during trading on Wednesday, hitting $185.08. The stock had a trading volume of 1,948,133 shares. The firm has a market cap of $79.91 billion, a price-to-earnings ratio of 225.16 and a beta of 1.05. Netflix, Inc. has a 52-week low of $93.26 and a 52-week high of $191.50. The firm’s 50-day moving average is $175.28 and its 200 day moving average is $160.06.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post $1.19 EPS for the current year.

In related news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total value 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 approximately $1,236,331.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,858 shares of company stock valued at $41,949,573. Insiders own 4.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/20/netflix-inc-nflx-position-boosted-by-vanguard-group-inc.html.

A number of equities analysts recently commented on NFLX shares. Loop Capital restated a “buy” rating and set a $180.00 target price (up previously from $172.00) on shares of Netflix in a report on Tuesday, May 23rd. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $168.56 target price for the company. in a report on Monday, June 19th. Canaccord Genuity restated a “buy” rating and set a $165.00 target price on shares of Netflix in a report on Thursday, May 25th. Instinet restated a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Finally, Sanford C. Bernstein restated a “buy” rating and set a $178.00 target price on shares of Netflix in a report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $178.99.

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.

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.