Wedbush Securities Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,878 shares of the Internet television network’s stock after purchasing an additional 77 shares during the period. Wedbush Securities Inc.’s holdings in Netflix were worth $2,159,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Netflix by 150.2% in the 2nd quarter. CWM LLC now owns 6,398 shares of the Internet television network’s stock worth $2,350,000 after acquiring an additional 3,841 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Netflix by 2.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,383 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 38 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Netflix by 6.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,471,536 shares of the Internet television network’s stock worth $1,275,354,000 after purchasing an additional 213,987 shares during the last quarter. Signaturefd LLC increased its position in shares of Netflix by 7.4% during the 2nd quarter. Signaturefd LLC now owns 3,006 shares of the Internet television network’s stock worth $1,104,000 after purchasing an additional 206 shares during the last quarter. Finally, Camarda Financial Advisors LLC increased its position in shares of Netflix by 262.0% during the 2nd quarter. Camarda Financial Advisors LLC now owns 181 shares of the Internet television network’s stock worth $66,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 76.94% of the company’s stock.

NFLX traded up $0.94 during trading on Tuesday, hitting $311.77. 4,062,282 shares of the stock were exchanged, compared to its average volume of 10,096,077. The company has a market cap of $135.26 billion, a price-to-earnings ratio of 116.33, a P/E/G ratio of 3.14 and a beta of 1.23. Netflix, Inc. has a 1-year low of $231.23 and a 1-year high of $386.80. The company’s fifty day simple moving average is $344.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, analysts forecast that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

In related news, CEO Reed Hastings sold 51,898 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $372.89, for a total value of $19,352,245.22. Following the completion of the transaction, the chief executive officer now owns 51,898 shares of the company’s stock, valued at $19,352,245.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 1,208 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares of the company’s stock, valued at approximately $133,875. The disclosure for this sale can be found here. In the last three months, insiders sold 165,862 shares of company stock worth $56,966,404. Corporate insiders own 3.72% of the company’s stock.

NFLX has been the subject of a number of recent analyst reports. ValuEngine downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Evercore ISI reissued an “outperform” rating and set a $380.00 price objective (up from $350.00) on shares of Netflix in a research report on Wednesday, July 10th. Raymond James cut their price objective on Netflix from $470.00 to $450.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 18th. JPMorgan Chase & Co. cut their price objective on Netflix from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Finally, Buckingham Research dropped their target price on Netflix from $382.00 to $358.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $390.47.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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