Twin Capital Management Inc. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 25.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,285 shares of the Internet television network’s stock after selling 5,485 shares during the quarter. Twin Capital Management Inc.’s holdings in Netflix were worth $5,982,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Netflix by 5.4% during the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after purchasing an additional 27 shares in the last quarter. Investment House LLC grew its stake in Netflix by 3.1% during the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock valued at $340,000 after acquiring an additional 29 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its stake in Netflix by 0.4% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after acquiring an additional 30 shares in the last quarter. Abbrea Capital LLC grew its stake in Netflix by 2.4% during the second quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock valued at $508,000 after acquiring an additional 32 shares in the last quarter. Finally, Harfst & Associates Inc. grew its stake in Netflix by 3.5% during the first quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock valued at $353,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.

NASDAQ:NFLX traded down $5.45 during midday trading on Thursday, reaching $293.66. 6,786,708 shares of the stock traded hands, compared to its average volume of 10,025,429. The business has a fifty day moving average of $341.99. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $386.80. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $136.09 billion, a PE ratio of 109.57, a P/E/G ratio of 3.16 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

Several brokerages recently commented on NFLX. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $395.00 to $425.00 in a research note on Monday, June 3rd. Raymond James cut their price target on shares of Netflix from $470.00 to $450.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 18th. BMO Capital Markets cut their price target on shares of Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. Morgan Stanley set a $450.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush boosted their price target on shares of Netflix from $183.00 to $188.00 and gave the stock an “underperform” rating in a research note on Thursday, July 18th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $390.47.

In other Netflix news, Director Bradford L. Smith bought 6,499 shares of Netflix stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the transaction, the director now directly owns 799 shares of the company’s stock, valued at $246,483.51. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 51,898 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $372.89, for a total transaction of $19,352,245.22. Following the completion of the sale, the chief executive officer now directly owns 51,898 shares in the company, valued at $19,352,245.22. The disclosure for this sale can be found here. Insiders sold a total of 165,862 shares of company stock valued at $56,966,404 over the last 90 days. Company insiders own 4.29% of the company’s stock.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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