532 Shares in Netflix, Inc. (NFLX) Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 532 shares of the Internet television network’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NFLX. FMR LLC increased its position in Netflix by 6.1% in the 2nd 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. BlackRock Inc. grew its position in shares of Netflix by 4.2% during the 1st quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock worth $7,920,289,000 after buying an additional 1,069,420 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Netflix by 39,296.1% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock worth $2,334,000 after buying an additional 926,996 shares during the period. Summit Trail Advisors LLC grew its position in shares of Netflix by 49,540.2% during the 1st quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after buying an additional 905,594 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Netflix by 12.0% during the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock worth $2,302,183,000 after buying an additional 837,285 shares during the period. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Shares of NFLX opened at $364.56 on Friday. 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, Inc. has a twelve month low of $176.55 and a twelve month high of $423.21. The company has a market capitalization of $161.10 billion, a price-to-earnings ratio of 291.65, a P/E/G ratio of 4.62 and a beta of 0.90.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 40.3% on a year-over-year basis. analysts anticipate that Netflix, Inc. will post 2.67 earnings per share for the current year.

In other Netflix news, insider Gregory K. Peters sold 6,062 shares of Netflix stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $400.00, for a total value of $2,424,800.00. Following the transaction, the insider now owns 19,152 shares of the company’s stock, valued at $7,660,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $387.50, for a total transaction of $387,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $387,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 407,229 shares of company stock worth $148,958,229. Insiders own 4.29% of the company’s stock.

Several equities research analysts have recently commented on NFLX shares. MKM Partners lifted their price target on shares of Netflix from $320.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Royal Bank of Canada reiterated a “buy” rating and set a $360.00 price target on shares of Netflix in a research report on Friday, June 1st. Oppenheimer reiterated a “buy” rating and set a $370.00 price target on shares of Netflix in a research report on Thursday, June 14th. Monness Crespi & Hardt lifted their price target on shares of Netflix from $375.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Finally, Piper Jaffray Companies lifted their price target on shares of Netflix from $367.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 19th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirty-two have given a buy rating to the company. Netflix has an average rating of “Buy” and an average price target of $349.82.

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.

Further Reading: NASDAQ

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply