Brown Advisory Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,429 shares of the Internet television network’s stock after buying an additional 194 shares during the period. Brown Advisory Inc.’s holdings in Netflix were worth $1,734,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Guidant Wealth Advisors boosted its holdings in shares of Netflix by 190.5% during the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after buying an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Netflix during the 2nd quarter valued at $124,000. BerganKDV Wealth Management LLC bought a new stake in shares of Netflix during the 2nd quarter valued at $137,000. Braun Bostich & Associates Inc. bought a new stake in shares of Netflix during the 1st quarter valued at $142,000. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of Netflix during the 1st quarter valued at $158,000. Hedge funds and other institutional investors own 73.76% of the company’s stock.

In other news, insider Gregory K. Peters sold 6,377 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $375.00, for a total transaction of $2,391,375.00. Following the completion of the sale, the insider now owns 19,467 shares of the company’s stock, valued at approximately $7,300,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $314.64, for a total transaction of $314,640.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $314,640. The disclosure for this sale can be found here. In the last three months, insiders sold 414,830 shares of company stock valued at $151,827,994. 4.29% of the stock is owned by insiders.

NFLX has been the topic of a number of research reports. MKM Partners boosted their target price on shares of Netflix from $320.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Royal Bank of Canada restated a “buy” rating and set a $360.00 target price on shares of Netflix in a report on Friday, June 1st. Oppenheimer restated a “buy” rating and set a $370.00 target price on shares of Netflix in a report on Thursday, June 14th. Monness Crespi & Hardt upped their price target on shares of Netflix from $375.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. Finally, Piper Jaffray Companies upped their price target on shares of Netflix from $367.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 19th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $349.29.

Shares of NASDAQ:NFLX opened at $348.68 on Friday. Netflix, Inc. has a fifty-two week low of $176.25 and a fifty-two week high of $423.21. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $150.87 billion, a price-to-earnings ratio of 278.94, a price-to-earnings-growth ratio of 4.33 and a beta of 0.90.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. Netflix’s revenue was up 40.3% on a year-over-year basis. sell-side analysts forecast that Netflix, Inc. will post 2.67 earnings per share for the current year.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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