Park Avenue Securities LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,075 shares of the Internet television network’s stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. FMR LLC lifted its position in shares of Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock worth $10,377,360,000 after purchasing an additional 1,534,290 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position 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 purchasing an additional 926,996 shares in the last quarter. BlackRock Inc. lifted its position in shares of Netflix by 2.3% in the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock worth $10,739,434,000 after purchasing an additional 619,795 shares in the last quarter. PointState Capital LP lifted its position in shares of Netflix by 1,249.4% in the second quarter. PointState Capital LP now owns 504,685 shares of the Internet television network’s stock worth $197,549,000 after purchasing an additional 467,285 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Netflix by 32.8% during the second quarter. Janus Henderson Group PLC now owns 1,537,990 shares of the Internet television network’s stock valued at $601,982,000 after acquiring an additional 380,214 shares in the last quarter. 74.04% of the stock is owned by institutional investors and hedge funds.

In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, August 13th. The shares were sold at an average price of $339.53, for a total transaction of $339,530.00. Following the sale, the chief financial officer now owns 867 shares in the company, valued at $294,372.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the sale, the director now owns 7,314 shares in the company, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 335,842 shares of company stock worth $113,900,463. 4.29% of the stock is currently owned by corporate insiders.

Shares of Netflix stock opened at $303.47 on Friday. The firm has a market capitalization of $142.82 billion, a PE ratio of 242.78, a P/E/G ratio of 4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix, Inc. has a 1 year low of $178.38 and a 1 year high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. Netflix’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 2.63 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Monness Crespi & Hardt cut their price objective on shares of Netflix from $460.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, July 17th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $434.00 price objective on shares of Netflix in a research report on Tuesday, July 17th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Netflix in a research report on Tuesday, July 17th. Finally, Deutsche Bank lowered shares of Netflix from a “buy” rating to a “hold” rating and cut their price objective for the company from $360.00 to $350.00 in a research report on Tuesday, July 17th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $378.74.

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Netflix Profile

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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