Navellier & Associates Inc purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,295 shares of the Internet television network’s stock, valued at approximately $492,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after acquiring an additional 789,190 shares during the period. BlackRock Inc. raised its position in shares of Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after acquiring an additional 423,968 shares during the period. FMR LLC raised its position in shares of Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after acquiring an additional 2,605,731 shares during the period. State Street Corp raised its position in shares of Netflix by 2.7% in the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after acquiring an additional 463,143 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Institutional investors and hedge funds own 81.02% of the company’s stock.

In other Netflix news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total value of $187,790.00. Following the sale, the director now directly owns 7,198 shares in the company, valued at approximately $1,351,712.42. The disclosure for this sale can be found here. In the last three months, insiders sold 305,288 shares of company stock worth $55,168,715. 4.90% of the stock is owned by insiders.

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Shares of Netflix, Inc. (NASDAQ NFLX) traded down 1.16% during midday trading on Thursday, hitting $193.27. The stock had a trading volume of 2,755,179 shares. The company’s 50 day moving average is $185.59 and its 200 day moving average is $166.85. The company has a market cap of $83.57 billion, a PE ratio of 193.08 and a beta of 1.09. Netflix, Inc. has a 52-week low of $98.38 and a 52-week high of $200.82.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, analysts anticipate that Netflix, Inc. will post $1.25 earnings per share for the current year.

A number of analysts recently issued reports on the company. SunTrust Banks, Inc. set a $175.00 target price on Netflix and gave the stock a “hold” rating in a research note on Monday. UBS AG reissued a “buy” rating and set a $237.00 target price (up from $225.00) on shares of Netflix in a research note on Tuesday. BMO Capital Markets reissued a “market perform” rating and set a $205.00 target price (up from $195.00) on shares of Netflix in a research note on Tuesday. J P Morgan Chase & Co set a $242.00 target price on Netflix and gave the stock a “buy” rating in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. increased their target price on Netflix from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $205.69.

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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