Northern Trust Corp trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,670,494 shares of the Internet television network’s stock after selling 26,023 shares during the period. Northern Trust Corp owned about 1.08% of Netflix worth $697,819,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the second quarter valued at $101,000. TD Capital Management LLC bought a new position in shares of Netflix in the second quarter valued at $105,000. Appropriate Balance Financial Services Inc. lifted its stake in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. bought a new position in shares of Netflix in the first quarter valued at $109,000. 81.03% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at $1,254,839.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 235,858 shares of company stock valued at $41,949,573 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.
Netflix, Inc. (NASDAQ:NFLX) traded down 0.50% during mid-day trading on Wednesday, hitting $184.76. 1,739,299 shares of the stock were exchanged. The stock has a 50 day moving average of $175.28 and a 200-day moving average of $160.06. Netflix, Inc. has a 52-week low of $93.26 and a 52-week high of $191.50. The stock has a market cap of $79.77 billion, a price-to-earnings ratio of 224.77 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts predict that Netflix, Inc. will post $1.19 EPS for the current fiscal year.
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A number of research firms recently weighed in on NFLX. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price target on the stock in a research report on Tuesday. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price target on shares of Netflix in a research report on Monday. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the company a “buy” rating in a research report on Monday. Jefferies Group LLC set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a research report on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Netflix in a research report on Sunday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $178.99.
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.
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