IFM Investors Pty Ltd bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,667 shares of the Internet television network’s stock, valued at approximately $1,743,000.

Several other large investors also recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC increased its position in shares of Netflix by 7.9% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the Internet television network’s stock worth $2,166,000 after acquiring an additional 1,061 shares during the period. Quinn Opportunity Partners LLC increased its position in shares of Netflix by 20.0% during the second quarter. Quinn Opportunity Partners LLC now owns 9,000 shares of the Internet television network’s stock worth $1,345,000 after acquiring an additional 1,500 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after acquiring an additional 811,007 shares during the period. Calamos Advisors LLC increased its position in shares of Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the period. Finally, Calamos Wealth Management LLC purchased a new position in shares of Netflix during the second quarter worth approximately $657,000. 81.05% of the stock is currently owned by institutional investors and hedge funds.

NFLX has been the topic of a number of research reports. Morgan Stanley set a $210.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $203.00 target price (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $200.00 in a research report on Tuesday, July 18th. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Netflix in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and an average target price of $178.07.

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Netflix, Inc. (NFLX) traded up 0.13% during trading on Wednesday, reaching $174.74. 1,771,885 shares of the company’s stock traded hands. The firm has a market capitalization of $75.44 billion, a PE ratio of 212.58 and a beta of 1.05. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50. The firm has a 50 day moving average of $176.18 and a 200 day moving average of $157.28.

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

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total transaction of $308,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,236,331.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold a total of 346,435 shares of company stock worth $58,698,991 over the last ninety days. 4.90% of the stock is owned by corporate 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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