Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.2% during the second quarter, Holdings Channel reports. The fund owned 65,412 shares of the Internet television network’s stock after selling 4,300 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Netflix were worth $9,773,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NFLX. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Netflix during the first quarter worth $43,264,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the last quarter. Finally, Twin Capital Management Inc. increased its stake in shares of Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares during the last quarter. 82.78% of the stock is owned by institutional investors.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at 169.14 on Friday. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. The firm has a market capitalization of $73.03 billion, a price-to-earnings ratio of 205.77 and a beta of 1.02. The company has a 50-day moving average price of $168.29 and a 200-day moving average price of $153.50.

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

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A number of equities research analysts have weighed in on NFLX shares. Instinet reissued a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Canaccord Genuity upped their price objective on shares of Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, June 16th. Bank of America Corporation reaffirmed a “buy” rating and set a $184.00 price objective (up from $154.00) on shares of Netflix in a research note on Tuesday, April 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 price objective (up from $175.00) on shares of Netflix in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Netflix in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have given a buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus target price of $174.79.

In related news, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,801 shares of company stock valued at $64,889,201. Insiders own 4.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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