Redpoint Investment Management Pty Ltd reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,095 shares of the Internet television network’s stock after selling 159 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Netflix were worth $11,634,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Netflix by 2.3% during the 2nd 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 during the last quarter. FMR LLC boosted its holdings in shares of Netflix by 6.1% during the 2nd 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 during the last quarter. Edgewood Management LLC boosted its holdings in shares of Netflix by 2.3% during the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock worth $987,868,000 after purchasing an additional 55,566 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock worth $925,600,000 after purchasing an additional 37,425 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Netflix by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 1,780,692 shares of the Internet television network’s stock worth $666,210,000 after purchasing an additional 30,307 shares during the last quarter. Institutional investors own 74.02% of the company’s stock.

NASDAQ:NFLX opened at $285.38 on Thursday. 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 52 week low of $178.38 and a 52 week high of $423.21. The firm has a market cap of $128.24 billion, a price-to-earnings ratio of 229.38, a PEG ratio of 3.73 and a beta of 1.18.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue was up 34.0% compared to the same quarter last year. As a group, analysts anticipate that Netflix, Inc. will post 2.63 EPS for the current fiscal year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $299.77, for a total transaction of $299,770.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 99,883 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $368.25, for a total value of $36,781,914.75. Following the transaction, the chief executive officer now owns 99,883 shares in the company, valued at $36,781,914.75. The disclosure for this sale can be found here. Insiders have sold 335,142 shares of company stock worth $113,622,164 over the last 90 days. 4.29% of the stock is owned by insiders.

Several research analysts have recently weighed in on NFLX shares. ValuEngine cut Netflix from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Goldman Sachs Group restated a “$375.13” rating and set a $470.00 target price on shares of Netflix in a report on Wednesday, July 18th. BidaskClub cut Netflix from a “strong-buy” rating to a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $434.00 target price on Netflix and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Jefferies Financial Group set a $320.00 target price on Netflix and gave the stock a “neutral” rating in a report on Monday, August 6th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.74.

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Netflix Company 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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