5,121 Shares in Netflix, Inc. (NFLX) Acquired by Independence Advisors LLC

Independence Advisors LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,121 shares of the Internet television network’s stock, valued at approximately $288,000.

A number of other institutional investors have also recently bought and sold shares of the company. Clean Yield Group acquired a new stake in Netflix during the first quarter worth approximately $103,000. SRS Capital Advisors Inc. boosted its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter worth approximately $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 161.12 on Monday. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $166.87. The stock has a 50 day moving average price of $157.80 and a 200-day moving average price of $144.87. The stock has a market capitalization of $69.44 billion, a PE ratio of 208.43 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, analysts forecast that Netflix, Inc. will post $1.05 earnings per share for the current year.

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A number of equities research analysts have recently commented on NFLX shares. Wedbush lifted their target price on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $138.98 target price on the stock in a research note on Monday, April 17th. Pivotal Research lifted their target price on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Netflix in a research note on Monday, April 17th. Finally, William Blair reiterated an “outperform” rating and set a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $151.47.

In other news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total value of $308,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,236,331.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 421,458 shares of company stock valued at $64,206,893. Corporate insiders own 4.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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