Banco BTG Pactual S.A. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,200 shares of the Internet television network’s stock, valued at approximately $1,655,000.

A number of other hedge funds have also recently bought and sold shares of NFLX. Cornerstone Wealth Management LLC boosted its stake in Netflix by 10.1% in the first quarter. Cornerstone Wealth Management LLC now owns 2,791 shares of the Internet television network’s stock valued at $401,000 after buying an additional 255 shares during the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of Netflix during the first quarter worth approximately $456,000. Legal & General Group Plc boosted its stake in shares of Netflix by 3.9% in the first quarter. Legal & General Group Plc now owns 1,760,461 shares of the Internet television network’s stock worth $260,214,000 after buying an additional 65,474 shares in the last quarter. SRS Capital Advisors Inc. boosted 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 worth $107,000 after buying an additional 706 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Netflix by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 91,594 shares of the Internet television network’s stock worth $13,539,000 after buying an additional 2,618 shares in the last quarter. 82.77% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.5112% during trading on Friday, hitting $155.6818. 972,895 shares of the stock were exchanged. The stock’s 50 day moving average price is $158.38 and its 200-day moving average price is $143.59. The company has a market cap of $67.10 billion, a price-to-earnings ratio of 201.3995 and a beta of 0.96. Netflix, Inc. has a one year low of $84.50 and a one year high of $166.87.

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

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NFLX has been the topic of a number of analyst reports. Wedbush boosted their price target on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $138.98 price target on the stock in a research report on Monday, April 17th. Pivotal Research boosted their price target on Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price target on shares of Netflix in a research report on Monday, April 17th. Finally, William Blair reissued an “outperform” rating and issued a $165.00 price target on shares of Netflix in a research report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $148.79.

In other news, CEO Reed Hastings sold 91,994 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18. Following the transaction, the chief executive officer now directly owns 91,994 shares in the company, valued at approximately $12,968,394.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the transaction, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Insiders sold a total of 430,458 shares of company stock worth $65,498,153 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Netflix Company Profile

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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