Sawtooth Solutions LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, Holdings Channel reports. The institutional investor acquired 903 shares of the Internet television network’s stock, valued at approximately $353,000.

Several other institutional investors have also recently modified their holdings of NFLX. BlackRock Inc. lifted its stake in shares of Netflix by 4.2% in the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock worth $7,920,289,000 after buying an additional 1,069,420 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Netflix by 39,296.1% in the second quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock worth $2,334,000 after buying an additional 926,996 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Netflix by 49,540.2% in the first quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after buying an additional 905,594 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Netflix by 12.0% in the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock worth $2,302,183,000 after buying an additional 837,285 shares during the last quarter. Finally, Carmignac Gestion acquired a new position in Netflix during the 1st quarter valued at $203,367,000. Institutional investors and hedge funds own 73.76% of the company’s stock.

NFLX has been the subject of several research analyst reports. Societe Generale reiterated a “sell” rating and set a $180.00 target price on shares of Netflix in a research note on Friday, July 6th. Oppenheimer reiterated a “buy” rating and set a $370.00 target price on shares of Netflix in a research note on Thursday, June 14th. SunTrust Banks upped their target price on shares of Netflix from $270.00 to $415.00 and gave the company a “hold” rating in a research note on Friday, July 13th. Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $406.00 target price for the company in a research note on Tuesday, July 17th. Finally, Monness Crespi & Hardt upped their target price on shares of Netflix from $375.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $346.99.

NASDAQ NFLX opened at $370.98 on Friday. Netflix, Inc. has a 52-week low of $164.73 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $160.46 billion, a P/E ratio of 296.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the business earned $0.15 EPS. Netflix’s revenue for the quarter was up 40.3% compared to the same quarter last year. sell-side analysts expect that Netflix, Inc. will post 2.67 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $367.00, for a total value of $367,000.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $367,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 1,309 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $359.97, for a total transaction of $471,200.73. Following the completion of the transaction, the director now owns 35,858 shares of the company’s stock, valued at approximately $12,907,804.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,439 shares of company stock valued at $152,054,088. Insiders own 4.29% of the company’s stock.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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