Ballentine Partners LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,365 shares of the Internet television network’s stock, valued at approximately $202,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Assetmark Inc. increased its position in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its position in Netflix by 1.7% in the first quarter. Arthur M. Cohen & Associates LLC now owns 2,244 shares of the Internet television network’s stock valued at $332,000 after buying an additional 38 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Netflix by 2.1% in the first quarter. Fifth Third Bancorp now owns 2,359 shares of the Internet television network’s stock valued at $349,000 after buying an additional 49 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.

Netflix, Inc. (NASDAQ:NFLX) traded down 1.64% during midday trading on Tuesday, reaching $178.36. The company had a trading volume of 6,053,364 shares. Netflix, Inc. has a 52-week low of $92.95 and a 52-week high of $191.50. The company’s 50-day moving average is $165.67 and its 200 day moving average is $152.34. The company has a market cap of $77.01 billion, a PE ratio of 216.98 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business earned $0.09 EPS. Netflix’s revenue was up 32.3% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post $1.17 EPS for the current year.

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Several equities analysts have recently weighed in on NFLX shares. Loop Capital reissued a “buy” rating and issued a $167.00 price target on shares of Netflix in a research note on Monday, April 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price objective on shares of Netflix in a research report on Friday, April 14th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective (up from $148.64) on shares of Netflix in a research report on Thursday, April 13th. Pivotal Research raised their price objective on shares of Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus raised their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $174.74.

In related news, insider Neil D. Hunt sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $159.62, for a total transaction of $1,596,200.00. Following the sale, the insider now owns 459,952 shares of the company’s stock, valued at approximately $73,417,538.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gregory K. Peters sold 6,853 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the sale, the insider now directly owns 19,943 shares in the company, valued at approximately $3,276,435.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 398,801 shares of company stock worth $66,269,371. Corporate insiders own 4.90% of the company’s stock.

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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