Pacad Investment Ltd. cut its position in Netflix, Inc. (NASDAQ:NFLX) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,704 shares of the Internet television network’s stock after selling 16,696 shares during the period. Netflix comprises approximately 1.1% of Pacad Investment Ltd.’s investment portfolio, making the stock its 7th largest position. Pacad Investment Ltd.’s holdings in Netflix were worth $7,426,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Adell Harriman & Carpenter Inc. increased its position in Netflix by 11.1% in the first quarter. Adell Harriman & Carpenter Inc. now owns 19,970 shares of the Internet television network’s stock worth $2,952,000 after buying an additional 2,000 shares during the last quarter. Seminole Management Co. Inc. increased its position in Netflix by 170.8% in the first quarter. Seminole Management Co. Inc. now owns 86,400 shares of the Internet television network’s stock worth $12,771,000 after buying an additional 54,500 shares during the last quarter. Geneva Advisors LLC increased its position in Netflix by 48.3% in the first quarter. Geneva Advisors LLC now owns 24,486 shares of the Internet television network’s stock worth $3,619,000 after buying an additional 7,974 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Netflix by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,712 shares of the Internet television network’s stock worth $10,304,000 after buying an additional 2,523 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Netflix during the first quarter worth about $2,262,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) traded down 0.19% during trading on Thursday, hitting $174.36. 2,197,046 shares of the stock traded hands. The company’s 50 day moving average price is $173.01 and its 200 day moving average price is $155.72. The company has a market cap of $75.28 billion, a P/E ratio of 212.12 and a beta of 1.02. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. Netflix also saw unusually large options trading on Wednesday. Stock traders bought 58,939 call options on the company. This is an increase of approximately 141% compared to the typical daily volume of 24,487 call options.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business earned $0.09 EPS. The company’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post $1.19 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on NFLX shares. Canaccord Genuity reissued a “buy” rating and issued a $165.00 price objective on shares of Netflix in a report on Thursday, May 25th. Instinet reissued a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Sanford C. Bernstein reissued a “buy” rating and issued a $178.00 price objective on shares of Netflix in a report on Wednesday, May 31st. MKM Partners reissued a “buy” rating and issued a $195.00 price objective (up previously from $175.00) on shares of Netflix in a report on Monday, May 29th. Finally, UBS AG reissued a “buy” rating and issued a $175.00 price objective on shares of Netflix in a report on Monday, May 15th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $178.07.

In other Netflix news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $187.79, for a total transaction of $187,790.00. Following the transaction, the director now owns 7,198 shares of the company’s stock, valued at approximately $1,351,712.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 348,435 shares of company stock worth $59,025,931. 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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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