Tuttle Tactical Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,298 shares of the Internet television network’s stock, valued at approximately $396,000.

Several other hedge funds also recently made changes to their positions in NFLX. Fisher Asset Management LLC bought a new stake in shares of Netflix during the first quarter worth $347,000. Acadian Asset Management LLC boosted its stake in shares of Netflix by 193.5% in the first quarter. Acadian Asset Management LLC now owns 1,676 shares of the Internet television network’s stock worth $248,000 after buying an additional 1,105 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Netflix by 13.5% in the first quarter. Glen Harbor Capital Management LLC now owns 7,756 shares of the Internet television network’s stock worth $1,146,000 after buying an additional 924 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Netflix by 92.9% in the first quarter. Canada Pension Plan Investment Board now owns 83,060 shares of the Internet television network’s stock worth $12,277,000 after buying an additional 40,004 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in shares of Netflix by 2.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,228 shares of the Internet television network’s stock worth $329,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) traded up 0.15% during midday trading on Thursday, reaching $174.96. The company’s stock had a trading volume of 2,876,529 shares. The firm has a 50 day moving average price of $173.01 and a 200-day moving average price of $155.72. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The firm has a market cap of $75.54 billion, a P/E ratio of 212.85 and a beta of 1.02. Netflix also saw some unusual options trading activity on Wednesday. Traders purchased 58,939 call options on the stock. This is an increase of approximately 141% compared to the typical daily volume of 24,487 call options.

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

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Several research firms recently commented on NFLX. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $152.15 target price on the stock in a research report on Monday, May 8th. UBS AG restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and issued a $141.00 target price on shares of Netflix in a research report on Monday, May 22nd. Loop Capital restated a “buy” rating and issued a $180.00 target price (up from $172.00) on shares of Netflix in a research report on Tuesday, May 23rd. Finally, Piper Jaffray Companies raised their target price on Netflix from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus target price of $178.07.

In related news, insider Jonathan Friedland sold 2,496 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the sale, the insider now owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold a total of 348,435 shares of company stock worth $59,025,931 in the last ninety days. 4.90% of the stock is currently owned by 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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