Alps Advisors Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,753 shares of the Internet television network’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC raised its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares during the period. FMR LLC raised its position in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares during the period. Vanguard Group Inc. raised its position in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares during the period. Tybourne Capital Management HK Ltd. raised its position in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares during the period. Finally, Morgan Stanley raised its position in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock valued at $452,541,000 after buying an additional 571,126 shares during the period. 81.04% of the stock is owned by institutional investors and hedge funds.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 168.81 on Wednesday. Netflix, Inc. has a 12-month low of $93.26 and a 12-month high of $191.50. The company has a market capitalization of $72.88 billion, a P/E ratio of 205.36 and a beta of 1.02. The company’s 50 day moving average is $173.01 and its 200 day moving average is $155.72.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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Several research analysts have recently commented on NFLX shares. Morgan Stanley set a $210.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $203.00 price target (up from $178.00) on shares of Netflix in a report on Tuesday, July 18th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the company from $155.00 to $200.00 in a report on Tuesday, July 18th. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Netflix in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $178.07.

In other news, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the completion of the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at approximately $3,407,115.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $163.47, for a total value of $326,940.00. Following the sale, the director now directly owns 7,652 shares of the company’s stock, valued at $1,250,872.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,435 shares of company stock valued at $63,113,931. Insiders own 4.90% of the company’s stock.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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