Highland Private Wealth Management acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,158 shares of the Internet television network’s stock, valued at approximately $210,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Gratus Capital LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $235,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Netflix by 16.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 2,282 shares of the Internet television network’s stock valued at $414,000 after purchasing an additional 317 shares during the last quarter. Norinchukin Bank The lifted its stake in shares of Netflix by 7.4% in the 3rd quarter. Norinchukin Bank The now owns 32,136 shares of the Internet television network’s stock valued at $5,828,000 after purchasing an additional 2,226 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Netflix by 8.2% in the 3rd quarter. D.A. Davidson & CO. now owns 5,434 shares of the Internet television network’s stock valued at $985,000 after purchasing an additional 410 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Netflix by 6.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,181 shares of the Internet television network’s stock valued at $15,085,000 after purchasing an additional 5,077 shares during the last quarter. 80.32% of the stock is owned by institutional investors and hedge funds.

Shares of Netflix, Inc. (NFLX) traded up $0.09 during mid-day trading on Thursday, hitting $196.32. 5,879,771 shares of the stock were exchanged, compared to its average volume of 6,664,596. Netflix, Inc. has a 12 month low of $113.95 and a 12 month high of $204.38. The firm has a market capitalization of $84,914.82, a price-to-earnings ratio of 198.21, a price-to-earnings-growth ratio of 5.83 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. equities research analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current year.

Several equities research analysts recently issued reports on NFLX shares. Bank of America Corporation lifted their price objective on shares of Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. MKM Partners lifted their price objective on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BTIG Research lifted their price objective on shares of Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Netflix in a research note on Wednesday, August 16th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $207.20.

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In other news, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $173.62, for a total transaction of $173,620.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,391,043.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold 326,935 shares of company stock worth $63,034,672 over the last quarter. 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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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