New Jersey Better Educational Savings Trust acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The firm acquired 3,000 shares of the Internet television network’s stock, valued at approximately $448,000.

A number of other institutional investors have also recently modified their holdings of NFLX. Clean Yield Group purchased a new position in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC purchased a new position in shares of Netflix during the second quarter worth approximately $105,000. Appropriate Balance Financial Services Inc. raised its position in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new position in shares of Netflix during the first quarter worth approximately $109,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) opened at 169.14 on Friday. The firm has a market capitalization of $73.03 billion, a price-to-earnings ratio of 205.77 and a beta of 1.02. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50. The company has a 50-day moving average of $168.29 and a 200-day moving average of $153.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion during 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%. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts predict that Netflix, Inc. will post $1.19 earnings per share for the current year.

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A number of equities analysts have commented on the stock. UBS AG reiterated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a report on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $165.00 price objective (down previously from $171.80) on shares of Netflix in a report on Wednesday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a report on Wednesday. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a report on Thursday. Finally, Wedbush reiterated a “sell” rating on shares of Netflix in a report on Wednesday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $174.79.

In other Netflix news, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction 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 directly owns 8,012 shares in the company, valued at $1,413,396.92. The disclosure for this sale can be found here. In the last three months, insiders sold 389,801 shares of company stock worth $64,889,201. 4.90% of the stock is currently owned by insiders.

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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