Parallel Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,798 shares of the Internet television network’s stock after buying an additional 194 shares during the period. Parallel Advisors LLC’s holdings in Netflix were worth $5,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Netflix by 5.4% during the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after purchasing an additional 27 shares in the last quarter. Investment House LLC raised its position in Netflix by 3.1% during the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock valued at $340,000 after purchasing an additional 29 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its position in Netflix by 0.4% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after purchasing an additional 30 shares in the last quarter. Abbrea Capital LLC raised its position in Netflix by 2.4% during the second quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock valued at $508,000 after purchasing an additional 32 shares in the last quarter. Finally, Harfst & Associates Inc. raised its position in Netflix by 3.5% during the first quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock valued at $353,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Shares of Netflix stock traded down $9.19 during trading on Tuesday, hitting $300.19. The company’s stock had a trading volume of 326,449 shares, compared to its average volume of 8,143,419. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $386.80. The stock has a market cap of $132.58 billion, a price-to-earnings ratio of 112.02, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23. The stock has a 50-day moving average price of $335.52 and a two-hundred day moving average price of $353.08.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Netflix’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

NFLX has been the subject of several research analyst reports. Nomura lowered their price objective on shares of Netflix from $320.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th. BMO Capital Markets lowered their price objective on shares of Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, July 18th. ValuEngine cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Imperial Capital decreased their target price on shares of Netflix from $463.00 to $458.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $380.00 target price (up previously from $350.00) on shares of Netflix in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $390.47.

In other Netflix news, Director Ann Mather sold 1,208 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the sale, the director now owns 357 shares of the company’s stock, valued at $133,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 51,898 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $372.89, for a total transaction of $19,352,245.22. Following the sale, the chief executive officer now directly owns 51,898 shares in the company, valued at approximately $19,352,245.22. The disclosure for this sale can be found here. Insiders have sold 108,448 shares of company stock worth $36,935,808 in the last ninety days. Insiders own 3.72% of the company’s stock.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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