Miles Capital Inc. maintained its position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,243 shares of the Internet television network’s stock at the close of the second quarter. Miles Capital Inc.’s holdings in Netflix were worth $485,000 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. FMR LLC increased its holdings in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Winslow Capital Management LLC increased its holdings in shares of Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock valued at $93,216,000 after buying an additional 623,764 shares in the last quarter. 81.03% of the stock is currently owned by institutional investors.

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Several research firms have issued reports on NFLX. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $183.92 price target on the stock in a report on Thursday. Wells Fargo & Company began coverage on Netflix in a report on Tuesday. They issued an “outperform” rating and a $230.00 price target on the stock. Buckingham Research began coverage on Netflix in a report on Thursday, September 21st. They issued a “buy” rating and a $214.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 price target on shares of Netflix in a report on Wednesday, September 20th. Finally, Hanson reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Netflix in a report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.15.

In other news, CEO Reed Hastings sold 75,467 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total value of $13,962,904.34. Following the transaction, the chief executive officer now owns 75,467 shares in the company, valued at approximately $13,962,904.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. Insiders have sold a total of 308,325 shares of company stock worth $55,447,238 over the last three months. Insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.36% during trading on Friday, reaching $181.35. 4,227,864 shares of the company traded hands. Netflix, Inc. has a 12-month low of $94.04 and a 12-month high of $191.50. The firm has a market capitalization of $78.30 billion, a price-to-earnings ratio of 220.62 and a beta of 1.05. The company has a 50 day moving average price of $175.28 and a 200 day moving average price of $160.06.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post $1.17 EPS for the current year.

About Netflix

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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