Bremer Trust National Association cut its position in Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 1,785 shares of the Internet television network’s stock after selling 20 shares during the period. Bremer Trust National Association’s holdings in Netflix were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Jennison Associates LLC raised its position in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the period. FMR LLC raised its position in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the period. Vanguard Group Inc. raised its position in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the period. Tybourne Capital Management HK Ltd. raised its position in shares of 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 worth $342,357,000 after buying an additional 590,966 shares during the period. Finally, Morgan Stanley raised its position in shares of Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares during the period. 82.77% of the stock is owned by hedge funds and other institutional investors.

Netflix, Inc. (NASDAQ NFLX) opened at 161.12 on Monday. Netflix, Inc. has a one year low of $84.50 and a one year high of $166.87. The company has a market cap of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99. The company’s 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business earned $0.06 EPS. Netflix’s revenue was up 34.7% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post $1.05 EPS for the current fiscal year.

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A number of research analysts recently issued reports on NFLX shares. Vetr lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $137.95 price objective for the company. in a report on Monday, March 20th. Deutsche Bank AG raised their price objective on shares of Netflix from $110.00 to $125.00 and gave the company a “hold” rating in a report on Monday, March 20th. Loop Capital restated a “buy” rating and set a $167.00 price target (up previously from $159.00) on shares of Netflix in a report on Monday, March 20th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a report on Tuesday, March 21st. Finally, MKM Partners restated a “buy” rating and set a $175.00 price target on shares of Netflix in a report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $151.47.

In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,236,331.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory K. Peters sold 6,909 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $150.02, for a total value of $1,036,488.18. Following the transaction, the insider now owns 19,999 shares of the company’s stock, valued at approximately $3,000,249.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 421,458 shares of company stock valued at $64,206,893. 4.90% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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