Marshall Wace North America L.P. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 74.9% during the third quarter, Holdings Channel reports. The institutional investor owned 63,891 shares of the Internet television network’s stock after buying an additional 27,352 shares during the quarter. Marshall Wace North America L.P.’s holdings in Netflix were worth $23,904,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in shares of Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 153 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of Netflix during the second quarter valued at approximately $6,149,000. Montag A & Associates Inc. boosted its position in shares of Netflix by 351.3% during the second quarter. Montag A & Associates Inc. now owns 4,486 shares of the Internet television network’s stock valued at $1,756,000 after purchasing an additional 3,492 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Netflix by 65.6% during the second quarter. Fiera Capital Corp now owns 2,790 shares of the Internet television network’s stock valued at $1,092,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. bought a new stake in Netflix in the second quarter worth $324,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Netflix stock opened at $265.14 on Friday. The firm has a market cap of $123.36 billion, a P/E ratio of 212.11, a PEG ratio of 3.59 and a beta of 1.12. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39. Netflix, Inc. has a one year low of $184.82 and a one year high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. Netflix’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, research analysts anticipate that Netflix, Inc. will post 2.63 earnings per share for the current year.

Several research firms have commented on NFLX. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Credit Suisse Group reissued a “buy” rating and issued a $470.00 target price on shares of Netflix in a report on Monday, October 1st. B. Riley boosted their target price on Netflix from $315.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Sanford C. Bernstein reissued a “buy” rating and issued a $465.00 target price on shares of Netflix in a report on Wednesday, October 17th. Finally, Nomura set a $370.00 target price on Netflix and gave the stock a “neutral” rating in a report on Monday, October 29th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $380.97.

In other Netflix news, CEO Reed Hastings sold 99,883 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $368.25, for a total value of $36,781,914.75. Following the completion of the sale, the chief executive officer now owns 99,883 shares in the company, valued at $36,781,914.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $364.22, for a total value of $364,220.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $364,220. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,450 shares of company stock valued at $108,250,865. Company insiders own 4.29% of the company’s stock.

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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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