Great Lakes Advisors LLC raised its position in Netflix Inc. (NASDAQ:NFLX) by 81.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,993 shares of the Internet television network’s stock after buying an additional 27,908 shares during the period. Great Lakes Advisors LLC’s holdings in Netflix were worth $6,109,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its position in Netflix by 1.4% in the second quarter. Capstone Asset Management Co. now owns 28,468 shares of the Internet television network’s stock worth $2,604,000 after buying an additional 396 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in Netflix by 55.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 32,630 shares of the Internet television network’s stock worth $2,986,000 after buying an additional 11,670 shares in the last quarter. Appropriate Balance Financial Services Inc. boosted its position in Netflix by 5.0% in the second quarter. Appropriate Balance Financial Services Inc. now owns 5,121 shares of the Internet television network’s stock worth $468,000 after buying an additional 244 shares in the last quarter. First Western Capital Management Co boosted its position in Netflix by 3.0% in the second quarter. First Western Capital Management Co now owns 27,035 shares of the Internet television network’s stock worth $2,473,000 after buying an additional 785 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in Netflix by 286.5% in the second quarter. Gateway Investment Advisers LLC now owns 304,971 shares of the Internet television network’s stock worth $27,899,000 after buying an additional 226,072 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Netflix Inc. (NASDAQ:NFLX) traded down 0.40% during trading on Wednesday, reaching $117.04. 7,615,608 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $117.33 and a 200-day moving average price of $101.10. Netflix Inc. has a 12 month low of $79.95 and a 12 month high of $133.27. The firm has a market cap of $50.23 billion, a PE ratio of 316.32 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The firm earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that Netflix Inc. will post $0.40 earnings per share for the current fiscal year.

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NFLX has been the subject of a number of research analyst reports. Cowen and Company restated an “outperform” rating and set a $110.00 target price on shares of Netflix in a report on Wednesday, October 12th. Guggenheim restated a “buy” rating and set a $140.00 target price (up from $135.00) on shares of Netflix in a report on Wednesday, October 26th. Cantor Fitzgerald restated a “buy” rating on shares of Netflix in a report on Sunday, August 14th. Brean Capital started coverage on Netflix in a report on Monday, November 21st. They set a “buy” rating and a $145.00 target price for the company. Finally, Jefferies Group reaffirmed a “sell” rating and issued a $76.00 price target on shares of Netflix in a research report on Tuesday, September 6th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have given a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and a consensus price target of $118.48.

In other news, Director A George Battle sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $120.00, for a total value of $2,400,000.00. Following the completion of the transaction, the director now owns 750 shares of the company’s stock, valued at approximately $90,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $97.86, for a total transaction of $137,004.00. Following the completion of the transaction, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,522,897.32. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

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