BB&T Securities LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,722 shares of the Internet television network’s stock after selling 236 shares during the period. BB&T Securities LLC’s holdings in Netflix were worth $4,979,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CSat Investment Advisory L.P. bought a new position in Netflix in the 2nd quarter valued at $117,000. Guidant Wealth Advisors boosted its position in Netflix by 190.5% in 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 during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Netflix in the 2nd quarter valued at $124,000. BerganKDV Wealth Management LLC bought a new position in Netflix in the 2nd quarter valued at $137,000. Finally, Peoples Financial Services CORP. boosted its position in Netflix by 94.3% in the 2nd quarter. Peoples Financial Services CORP. now owns 412 shares of the Internet television network’s stock valued at $161,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

In other Netflix news, General Counsel David A. Hyman sold 38,976 shares of Netflix stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $371.20, for a total value of $14,467,891.20. Following the sale, the general counsel now owns 43,895 shares of the company’s stock, valued at approximately $16,293,824. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Theodore A. Sarandos sold 111,391 shares of Netflix stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the sale, the insider now directly owns 16,065 shares in the company, valued at approximately $5,783,400. The disclosure for this sale can be found here. Insiders sold a total of 408,453 shares of company stock worth $149,427,009 in the last three months. Company insiders own 4.29% of the company’s stock.

A number of research analysts have recently weighed in on the company. Imperial Capital assumed coverage on Netflix in a research note on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 price target on the stock. Goldman Sachs Group increased their price target on Netflix to $490.00 and gave the company a “positive” rating in a research note on Wednesday, June 20th. Pivotal Research increased their price target on Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. reissued a “buy” rating and issued a $415.00 price target on shares of Netflix in a research note on Tuesday, July 17th. Finally, BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty have given a buy rating to the stock. Netflix presently has an average rating of “Hold” and an average target price of $349.29.

NFLX opened at $355.93 on Wednesday. Netflix, Inc. has a 1 year low of $176.55 and a 1 year high of $423.21. The stock has a market capitalization of $151.84 billion, a price-to-earnings ratio of 284.74, a PEG ratio of 4.35 and a beta of 0.90. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. analysts expect that Netflix, Inc. will post 2.67 EPS for the current fiscal year.

Netflix 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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