Netflix, Inc. (NFLX) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,571,654 shares of the Internet television network’s stock after selling 92,744 shares during the period. TIAA CREF Investment Management LLC owned 0.60% of Netflix worth $384,231,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its position in Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares during the period. FMR LLC increased its position in Netflix by 6.6% during the 1st quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after purchasing an additional 1,305,294 shares during the period. Vanguard Group Inc. increased its position in Netflix by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after purchasing an additional 921,283 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Netflix by 22,622.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after purchasing an additional 811,007 shares during the period. Finally, Tybourne Capital Management HK Ltd. increased its position in Netflix by 34.3% during the 1st 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 purchasing an additional 590,966 shares during the period. 81.05% of the stock is currently owned by institutional investors.

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A number of research analysts have commented on the stock. UBS AG reissued a “buy” rating and set a $175.00 target price on shares of Netflix in a research report on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and set a $165.00 target price (down previously from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. Wedbush reissued a “sell” rating on shares of Netflix in a research report on Wednesday, August 9th. Guggenheim raised their target price on shares of Netflix from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $178.70.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $174.44, for a total value of $348,880.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,397,613.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the sale, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,435 shares of company stock worth $59,221,491. 4.90% of the stock is owned by corporate insiders.

Netflix, Inc. (NFLX) traded up 1.63% on Tuesday, reaching $184.71. 2,901,857 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $175.33 and a 200-day moving average price of $158.05. The company has a market capitalization of $79.75 billion, a PE ratio of 224.71 and a beta of 1.05. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current 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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