First Heartland Consultants Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 36.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,234 shares of the Internet television network’s stock after purchasing an additional 596 shares during the period. First Heartland Consultants Inc.’s holdings in Netflix were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of NFLX. BlackRock Inc. grew its position in Netflix by 4.2% during the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after buying an additional 1,069,420 shares during the period. Baillie Gifford & Co. grew its position in Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after buying an additional 837,285 shares during the period. Massachusetts Financial Services Co. MA grew its position in Netflix by 2.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock valued at $757,733,000 after buying an additional 59,075 shares during the period. Schwab Charles Investment Management Inc. grew its position in Netflix by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,581,565 shares of the Internet television network’s stock valued at $619,072,000 after buying an additional 65,394 shares during the period. Finally, Swiss National Bank grew its position in Netflix by 3.3% during the second quarter. Swiss National Bank now owns 1,434,725 shares of the Internet television network’s stock valued at $561,594,000 after buying an additional 46,400 shares during the period. 76.75% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:NFLX opened at $358.82 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $149.99 billion, a PE ratio of 157.28, a price-to-earnings-growth ratio of 4.27 and a beta of 0.76. Netflix, Inc. has a twelve month low of $164.73 and a twelve month high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. research analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current year.

In other Netflix news, Director Leslie J. Kilgore sold 472 shares of Netflix stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $401.00, for a total transaction of $189,272.00. Following the transaction, the director now directly owns 35,668 shares of the company’s stock, valued at $14,302,868. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $314.64, for a total transaction of $314,640.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $314,640. The disclosure for this sale can be found here. Over the last three months, insiders sold 416,801 shares of company stock worth $152,521,649. Insiders own 4.29% of the company’s stock.

NFLX has been the topic of several analyst reports. Societe Generale restated a “sell” rating and set a $180.00 price target on shares of Netflix in a research report on Friday, July 6th. Oppenheimer restated a “buy” rating and set a $370.00 price target on shares of Netflix in a research report on Thursday, June 14th. SunTrust Banks raised their price target on shares of Netflix from $270.00 to $415.00 and gave the company a “hold” rating in a research report on Friday, July 13th. Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $406.00 price target on the stock in a research report on Tuesday, July 17th. Finally, Monness Crespi & Hardt raised their price target on shares of Netflix from $375.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $346.99.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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