US Bancorp DE Has $6.39 Million Position in Netflix, Inc. (NASDAQ:NFLX)

US Bancorp DE raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,765 shares of the Internet television network’s stock after buying an additional 1,574 shares during the period. US Bancorp DE’s holdings in Netflix were worth $6,390,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. FMR LLC boosted its stake in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. Vanguard Group Inc. boosted its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Tybourne Capital Management HK Ltd. boosted its stake in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock valued at $452,541,000 after buying an additional 571,126 shares in the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

Netflix, Inc. (NASDAQ:NFLX) traded up 1.34% on Friday, reaching $171.40. The company’s stock had a trading volume of 5,022,334 shares. Netflix, Inc. has a one year low of $93.26 and a one year high of $191.50. The company has a market capitalization of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. The firm has a 50-day moving average of $168.76 and a 200-day moving average of $153.74.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue was up 32.3% on a year-over-year basis. Analysts predict that Netflix, Inc. will post $1.19 EPS for the current year.

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NFLX has been the subject of several recent analyst reports. Wedbush raised their target price on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $138.98 price objective for the company in a research note on Monday, April 17th. Pivotal Research raised their price objective on Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, William Blair reissued an “outperform” rating and issued a $165.00 price objective on shares of Netflix in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. Netflix has an average rating of “Buy” and a consensus target price of $175.13.

In other Netflix news, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the transaction, the chief executive officer now owns 115,577 shares in the company, valued at $17,640,517.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory K. Peters sold 6,853 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares of the company’s stock, valued at approximately $3,276,435.47. The disclosure for this sale can be found here. Insiders have sold 389,801 shares of company stock valued at $64,889,201 in the last 90 days. Company insiders own 4.90% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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