Polaris Greystone Financial Group LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,687 shares of the Internet television network’s stock, valued at approximately $2,128,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. FMR LLC grew its holdings in Netflix by 6.1% during the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after buying an additional 1,534,290 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in Netflix by 39,296.1% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock valued at $2,334,000 after buying an additional 926,996 shares in the last quarter. BlackRock Inc. grew its holdings in Netflix by 2.3% during the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after buying an additional 619,795 shares in the last quarter. PointState Capital LP grew its holdings in Netflix by 1,249.4% during the 2nd quarter. PointState Capital LP now owns 504,685 shares of the Internet television network’s stock valued at $197,549,000 after buying an additional 467,285 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Netflix by 32.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,537,990 shares of the Internet television network’s stock valued at $601,982,000 after buying an additional 380,214 shares in the last quarter. Institutional investors and hedge funds own 73.83% of the company’s stock.

Shares of NFLX stock opened at $332.67 on Friday. Netflix, Inc. has a 52-week low of $178.38 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.54. The company has a market cap of $150.98 billion, a P/E ratio of 124.27, a price-to-earnings-growth ratio of 4.40 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the company earned $0.29 EPS. Netflix’s quarterly revenue was up 34.0% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 2.63 EPS for the current year.

Several equities analysts have weighed in on NFLX shares. Imperial Capital cut their price target on Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a report on Monday, August 13th. Canaccord Genuity lifted their target price on Netflix from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Citigroup lifted their target price on Netflix to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. Guggenheim lifted their target price on Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $470.00 target price on shares of Netflix in a report on Monday, October 1st. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $376.83.

In other Netflix news, Director Timothy M. Haley sold 21,882 shares of Netflix stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the completion of the sale, the director now directly owns 9,177 shares of the company’s stock, valued at approximately $3,087,234.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $359.00, for a total value of $359,000.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $359,000. The disclosure for this sale can be found here. Insiders have sold a total of 403,334 shares of company stock valued at $142,463,785 over the last three months. 4.29% of the stock is owned by corporate insiders.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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