Bank of New York Mellon Corp grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,638,317 shares of the Internet television network’s stock after purchasing an additional 172,229 shares during the period. Bank of New York Mellon Corp owned approximately 0.84% of Netflix worth $659,809,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its stake in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares in the last quarter. Heritage Investors Management Corp lifted its stake in Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after purchasing an additional 12 shares in the last quarter. Kalos Management Inc. lifted its stake in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares in the last quarter. Northwest Wealth Management LLC lifted its stake in Netflix by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after purchasing an additional 15 shares in the last quarter. Finally, Lincoln Capital Corp lifted its stake in Netflix by 1.0% during the second quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock worth $302,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research cut Netflix from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley restated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Loop Capital restated a “buy” rating and set a $237.00 price target on shares of Netflix in a research note on Thursday, October 26th. Needham & Company LLC restated a “neutral” rating on shares of Netflix in a research note on Thursday, October 19th. Finally, Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $207.20.

In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the transaction, the director now owns 7,362 shares in the company, valued at approximately $1,453,111.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of Netflix stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders have sold a total of 343,372 shares of company stock worth $63,446,547 in the last 90 days. Company insiders own 4.90% of the company’s stock.

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Netflix, Inc. (NASDAQ NFLX) traded up $0.63 during trading hours on Wednesday, hitting $195.71. 3,450,500 shares of the company traded hands, compared to its average volume of 6,717,724. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $84,100.00, a price-to-earnings ratio of 197.05, a price-to-earnings-growth ratio of 5.73 and a beta of 1.39. Netflix, Inc. has a 1-year low of $111.81 and a 1-year high of $204.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. equities research analysts forecast that Netflix, Inc. will post 1.28 EPS for the current year.

Netflix 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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