Teacher Retirement System of Texas Boosts Stake in Netflix, Inc. (NFLX)

Teacher Retirement System of Texas lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 146,035 shares of the Internet television network’s stock after purchasing an additional 3,599 shares during the quarter. Teacher Retirement System of Texas’ holdings in Netflix were worth $57,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. BlackRock Inc. lifted its position in Netflix by 4.2% during the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares during the period. Cornerstone Wealth Management LLC lifted its position in Netflix by 39,296.1% during the second quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock valued at $2,334,000 after purchasing an additional 926,996 shares during the period. Summit Trail Advisors LLC lifted its position in Netflix by 49,540.2% during the first quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock valued at $907,000 after purchasing an additional 905,594 shares during the period. Baillie Gifford & Co. lifted its position in Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares during the period. Finally, Carmignac Gestion acquired a new position in Netflix during the first quarter valued at $203,367,000. Institutional investors own 76.80% of the company’s stock.

NFLX has been the subject of a number of research reports. BMO Capital Markets restated a “hold” rating and set a $310.00 target price on shares of Netflix in a research report on Monday, April 16th. Aegis restated a “hold” rating and set a $230.00 target price on shares of Netflix in a research report on Monday, April 16th. Jefferies Financial Group restated a “hold” rating and set a $312.00 target price on shares of Netflix in a research report on Tuesday, April 17th. Canaccord Genuity restated a “buy” rating and set a $350.00 target price (up from $280.00) on shares of Netflix in a research report on Tuesday, April 17th. Finally, Pivotal Research restated a “buy” rating and set a $420.00 target price (up from $400.00) on shares of Netflix in a research report on Tuesday, April 17th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $347.19.

NFLX stock opened at $345.87 on Friday. The stock has a market cap of $152.13 billion, a PE ratio of 159.52, a P/E/G ratio of 4.33 and a beta of 0.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. Netflix, Inc. has a 52 week low of $164.23 and a 52 week high of $423.21.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The company’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. equities analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

In other news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $342.46, for a total transaction of $342,460.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $342,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $352.55, for a total transaction of $246,785.00. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,606,402.15. The disclosure for this sale can be found here. Insiders have sold 434,027 shares of company stock valued at $158,902,715 in the last three months. Corporate insiders own 4.29% of the company’s stock.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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