Bowling Portfolio Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,945 shares of the Internet television network’s stock, valued at approximately $973,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NFLX. Public Employees Retirement Association of Colorado lifted its stake in shares of Netflix by 4.6% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 83,141 shares of the Internet television network’s stock valued at $31,219,000 after acquiring an additional 3,665 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Netflix by 45.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 918 shares of the Internet television network’s stock valued at $345,000 after acquiring an additional 285 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Netflix by 57.4% in the 1st quarter. APG Asset Management N.V. now owns 1,183,588 shares of the Internet television network’s stock valued at $444,437,000 after acquiring an additional 431,401 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Netflix by 5.1% in the first quarter. Advisors Asset Management Inc. now owns 10,602 shares of the Internet television network’s stock valued at $3,981,000 after purchasing an additional 513 shares during the period. Finally, Morgan Stanley increased its holdings in Netflix by 39.7% in the first quarter. Morgan Stanley now owns 2,685,577 shares of the Internet television network’s stock valued at $1,008,435,000 after purchasing an additional 763,798 shares during the period. Institutional investors own 80.63% of the company’s stock.

In other Netflix news, CEO Reed Hastings sold 43,239 shares of Netflix stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $494.83, for a total transaction of $21,395,954.37. Following the transaction, the chief executive officer now owns 43,239 shares of the company’s stock, valued at approximately $21,395,954.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 4,907 shares of Netflix stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $550.00, for a total transaction of $2,698,850.00. Following the transaction, the director now directly owns 8,237 shares in the company, valued at approximately $4,530,350. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,544 shares of company stock worth $97,503,985. Insiders own 3.40% of the company’s stock.

Shares of NASDAQ NFLX opened at $530.79 on Friday. Netflix, Inc. has a fifty-two week low of $265.80 and a fifty-two week high of $575.37. The stock has a market cap of $234.09 billion, a price-to-earnings ratio of 89.51, a PEG ratio of 2.87 and a beta of 0.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day simple moving average is $507.55 and its 200 day simple moving average is $463.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.22). Netflix had a net margin of 11.85% and a return on equity of 33.32%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same period in the previous year, the business posted $0.60 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 6.27 EPS for the current year.

A number of research firms recently weighed in on NFLX. Barclays increased their price objective on Netflix from $420.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. SunTrust Banks increased their price objective on Netflix from $475.00 to $530.00 and gave the company a “buy” rating in a report on Friday, July 17th. Loop Capital increased their price objective on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. CSFB restated a “hold” rating and issued a $525.00 price objective on shares of Netflix in a report on Monday, October 5th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $610.00 price objective on shares of Netflix in a report on Friday. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $514.80.

Netflix Profile

Netflix, Inc provides subscription streaming entertainment service. 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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