BTC Capital Management Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,002 shares of the Internet television network’s stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Netflix by 2.3% during the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after acquiring an additional 619,795 shares in the last quarter. FMR LLC increased its position in shares of Netflix by 6.1% during the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after acquiring an additional 1,534,290 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after acquiring an additional 837,285 shares in the last quarter. Edgewood Management LLC boosted its holdings in Netflix by 2.3% in the second quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock worth $987,868,000 after purchasing an additional 55,566 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Netflix by 1.6% in the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock worth $925,600,000 after purchasing an additional 37,425 shares during the last quarter. 73.77% of the stock is owned by institutional investors and hedge funds.

NFLX has been the topic of several research reports. Imperial Capital dropped their target price on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating on the stock in a report on Monday, August 13th. Canaccord Genuity raised their target price on shares of Netflix from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Jefferies Financial Group restated a “neutral” rating and issued a $320.00 target price on shares of Netflix in a report on Monday, August 20th. Finally, Morgan Stanley set a $480.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, July 12th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $349.82.

NFLX stock opened at $350.35 on Tuesday. Netflix, Inc. has a 12 month low of $176.55 and a 12 month high of $423.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $161.10 billion, a P/E ratio of 280.28, a PEG ratio of 4.62 and a beta of 0.90.

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

In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $344.78, for a total transaction of $241,346.00. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,548,958.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $352.27, for a total transaction of $352,270.00. Following the transaction, the chief financial officer now directly owns 576 shares of the company’s stock, valued at $202,907.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 399,695 shares of company stock valued at $145,956,657. 4.29% of the stock is owned by corporate insiders.

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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