Twin Capital Management Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,510 shares of the Internet television network’s stock after purchasing an additional 660 shares during the period. Twin Capital Management Inc.’s holdings in Netflix were worth $7,673,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HPM Partners LLC raised its position in Netflix by 30.2% during the second quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock valued at $1,525,000 after purchasing an additional 904 shares during the period. Morgan Stanley raised its position in Netflix by 1.6% during the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after purchasing an additional 37,425 shares during the period. Private Capital Group LLC raised its position in Netflix by 33.1% during the second quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after purchasing an additional 185 shares during the period. Mackay Shields LLC raised its position in Netflix by 3.0% during the second quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after purchasing an additional 4,917 shares during the period. Finally, Iron Financial LLC purchased a new stake in Netflix during the second quarter valued at approximately $579,000. Institutional investors own 74.02% of the company’s stock.

Shares of NASDAQ:NFLX opened at $285.38 on Thursday. Netflix, Inc. has a 52-week low of $178.38 and a 52-week high of $423.21. The company has a market capitalization of $128.24 billion, a P/E ratio of 229.38, a PEG ratio of 3.73 and a beta of 1.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66.

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. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Netflix’s revenue was up 34.0% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on NFLX shares. Citigroup decreased their price objective on Netflix and set a “neutral” rating on the stock in a research report on Monday, October 15th. Loop Capital upped their price objective on Netflix from $365.00 to $385.00 in a research report on Wednesday, October 17th. Imperial Capital decreased their price objective on Netflix from $503.00 to $494.00 and set an “outperform” rating on the stock in a research report on Monday, August 13th. Credit Suisse Group restated a “buy” rating and set a $470.00 price objective on shares of Netflix in a research report on Monday, October 1st. Finally, Guggenheim upped their price objective on Netflix from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $378.74.

In related news, CEO Reed Hastings sold 77,672 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $323.01, for a total value of $25,088,832.72. Following the transaction, the chief executive officer now owns 77,672 shares of the company’s stock, valued at $25,088,832.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $314.64, for a total value of $314,640.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $314,640. The disclosure for this sale can be found here. In the last three months, insiders sold 335,142 shares of company stock worth $113,622,164. 4.29% of the stock is owned by insiders.

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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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