HPM Partners LLC Acquires Shares of 1,448 Netflix, Inc. (NFLX)

HPM Partners LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,448 shares of the Internet television network’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after purchasing an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its holdings in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after purchasing an additional 12 shares during the last quarter. Heritage Investors Management Corp raised its holdings in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the last quarter. Finally, Northwest Wealth Management LLC raised its holdings in shares of Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 81.05% of the company’s stock.

In related news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at $1,236,331.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total value of $156,620.00. Following the sale, the director now owns 8,012 shares in the company, valued at $1,254,839.44. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock worth $59,221,491 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $175.00 target price on shares of Netflix in a report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and set a $165.00 target price (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. Netflix has an average rating of “Buy” and an average target price of $178.23.

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Netflix, Inc. (NFLX) opened at 181.74 on Tuesday. The company has a 50 day moving average price of $175.33 and a 200-day moving average price of $158.05. 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 $78.47 billion, a PE ratio of 221.09 and a beta of 1.05.

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

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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