Main Street Research LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,158 shares of the Internet television network’s stock after selling 80 shares during the quarter. Main Street Research LLC’s holdings in Netflix were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Netflix by 3.5% in the second quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after buying an additional 1,118,349 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Netflix by 1.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock worth $5,784,623,000 after buying an additional 297,582 shares during the period. Baillie Gifford & Co. raised its stake in shares of Netflix by 2.2% in the second quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock worth $2,844,343,000 after buying an additional 163,289 shares during the period. Invesco Ltd. raised its stake in shares of Netflix by 39.1% in the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after buying an additional 2,039,046 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Netflix by 1.3% in the second quarter. Northern Trust Corp now owns 5,011,246 shares of the Internet television network’s stock worth $1,840,730,000 after buying an additional 62,742 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Reed Hastings sold 43,372 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $266.57, for a total transaction of $11,561,674.04. Following the completion of the transaction, the chief executive officer now owns 43,372 shares in the company, valued at approximately $11,561,674.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith acquired 6,499 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $308.49 per share, with a total value of $2,004,876.51. Following the acquisition, the director now owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. 3.72% of the stock is owned by insiders.

Shares of Netflix stock traded up $2.65 on Monday, reaching $277.95. The company had a trading volume of 1,018,135 shares, compared to its average volume of 11,658,886. The firm’s 50-day moving average price is $280.59 and its two-hundred day moving average price is $331.30. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $385.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.73 and a quick ratio of 0.85. The firm has a market cap of $121.35 billion, a price-to-earnings ratio of 103.75, a P/E/G ratio of 3.02 and a beta of 1.20.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.42. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Netflix’s revenue was up 31.2% compared to the same quarter last year. As a group, analysts anticipate that Netflix, Inc. will post 3.32 EPS for the current year.

NFLX has been the topic of several recent research reports. Piper Jaffray Companies decreased their price objective on Netflix from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday. KeyCorp reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, September 24th. Sanford C. Bernstein decreased their price objective on Netflix from $450.00 to $422.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird decreased their price objective on Netflix from $370.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $440.00 price objective on shares of Netflix in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $363.11.

Netflix Profile

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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