Arcadia Investment Management Corp MI raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,151.9% during the second quarter, Holdings Channel reports. The firm owned 5,945 shares of the Internet television network’s stock after buying an additional 5,681 shares during the period. Arcadia Investment Management Corp MI’s holdings in Netflix were worth $888,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Johanson Financial Advisors Inc. acquired a new position in Netflix during the first quarter valued at approximately $300,000. Columbus Circle Investors boosted its position in Netflix by 3.7% in the first quarter. Columbus Circle Investors now owns 625,610 shares of the Internet television network’s stock valued at $92,471,000 after buying an additional 22,358 shares during the period. Nisa Investment Advisors LLC boosted its position in Netflix by 1.8% in the first quarter. Nisa Investment Advisors LLC now owns 152,225 shares of the Internet television network’s stock valued at $22,500,000 after buying an additional 2,640 shares during the period. Boston Advisors LLC boosted its position in Netflix by 1,245.9% in the first quarter. Boston Advisors LLC now owns 154,645 shares of the Internet television network’s stock valued at $22,858,000 after buying an additional 143,155 shares during the period. Finally, Patten & Patten Inc. TN acquired a new position in Netflix during the first quarter valued at approximately $303,000. Institutional investors own 82.94% of the company’s stock.

Netflix, Inc. (NFLX) opened at 171.50 on Tuesday. The company has a market capitalization of $74.04 billion, a P/E ratio of 208.64 and a beta of 1.02. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The company has a 50 day moving average price of $169.13 and a 200-day moving average price of $154.17.

Netflix (NASDAQ:NFLX) last announced 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. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. On average, equities analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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Several research firms have recently commented on NFLX. MKM Partners increased their target price on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BTIG Research increased their target price on Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Moffett Nathanson reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday, July 18th. Zacks Investment Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Vetr upgraded Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 target price for the company in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $175.13.

In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,413,396.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory K. Peters sold 6,853 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total value of $1,125,879.37. Following the sale, the insider now directly owns 19,943 shares in the company, valued at approximately $3,276,435.47. The disclosure for this sale can be found here. Insiders have sold 389,801 shares of company stock worth $64,889,201 in the last three months. 4.90% of the stock is currently 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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