Netflix, Inc. (NFLX) Position Raised by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 698,643 shares of the Internet television network’s stock after purchasing an additional 3,647 shares during the period. New York State Teachers Retirement System owned 0.16% of Netflix worth $126,699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the period. M Holdings Securities Inc. boosted its stake in Netflix by 0.5% during the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp boosted its stake in Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the period. Kalos Management Inc. boosted its stake in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the period. Finally, Northwest Wealth Management LLC boosted its stake in Netflix by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,787 shares of company stock valued at $62,678,611. Company insiders own 4.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Netflix, Inc. (NFLX) Position Raised by New York State Teachers Retirement System” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://sportsperspectives.com/2017/11/02/netflix-inc-nflx-position-raised-by-new-york-state-teachers-retirement-system.html.

Several research analysts have weighed in on NFLX shares. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Citigroup Inc. increased their target price on shares of Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 target price (up previously from $175.00) on shares of Netflix in a research note on Thursday, July 13th. Vetr lowered shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price for the company. in a research note on Monday, September 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $175.00 target price on shares of Netflix in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $207.20.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share.

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)

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

Latest News

Leave a Reply