Cibc World Markets Corp increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 106.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,969 shares of the Internet television network’s stock after buying an additional 48,023 shares during the quarter. Cibc World Markets Corp’s holdings in Netflix were worth $13,890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. FMR LLC lifted its position in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Vanguard Group Inc. lifted its position in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Netflix by 22,622.2% in 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 buying an additional 811,007 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. lifted its position in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares during the last quarter. Institutional investors own 81.03% of the company’s stock.

A number of brokerages recently issued reports on NFLX. Raymond James Financial, Inc. restated an “outperform” rating and issued a $205.00 price target (up from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Cantor Fitzgerald raised their price target on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Vetr upgraded Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price target for the company in a research report on Tuesday, September 19th. MKM Partners raised their price target on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Netflix in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $178.90.

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Shares of Netflix, Inc. (NASDAQ NFLX) traded down 0.76% during mid-day trading on Friday, hitting $187.35. The company had a trading volume of 5,464,312 shares. The firm has a market capitalization of $80.89 billion, a P/E ratio of 227.92 and a beta of 1.05. The firm has a 50-day moving average price of $175.28 and a 200 day moving average price of $160.06. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the 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 firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.

In related news, 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 transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the firm’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 value of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares of the company’s stock, valued at $224,433.44. The disclosure for this sale can be found here. Insiders sold a total of 311,325 shares of company stock valued at $55,912,478 over the last ninety days. 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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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