CWA Asset Management Group LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,467 shares of the Internet television network’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its position in shares of Netflix by 0.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the period. M Holdings Securities Inc. raised its position in shares of Netflix by 0.5% in the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp raised its position in shares of Netflix by 0.6% in the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the period. Finally, Northwest Wealth Management LLC raised its position in shares of Netflix by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after buying an additional 15 shares during the period. 81.05% of the stock is currently owned by institutional investors and hedge funds.

Netflix, Inc. (NFLX) traded down 0.716% during trading on Wednesday, reaching $183.825. 1,652,135 shares of the company’s stock traded hands. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. The firm’s 50 day moving average is $175.51 and its 200 day moving average is $158.22. The company has a market cap of $79.37 billion, a P/E ratio of 223.631 and a beta of 1.05.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 32.3% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post $1.19 EPS for the current year.

In other news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock valued at $59,221,491 in the last three months. 4.90% of the stock is owned by insiders.

NFLX has been the topic of several research reports. Instinet reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Canaccord Genuity increased their target price on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 target price (up from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Netflix in a research report on Friday, June 16th. Three investment 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $178.70.

ILLEGAL ACTIVITY NOTICE: This story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/13/cwa-asset-management-group-llc-buys-shares-of-1467-netflix-inc-nflx.html.

Netflix 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Stock Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related stocks with our FREE daily email newsletter.