Utah Retirement Systems boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,224 shares of the Internet television network’s stock after buying an additional 500 shares during the period. Utah Retirement Systems’ holdings in Netflix were worth $11,239,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position 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. Guardian Life Insurance Co. of America boosted its position in 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 period. M Holdings Securities Inc. boosted its position in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp boosted its position in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the period. Finally, Northwest Wealth Management LLC boosted its position in Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after buying an additional 15 shares during the period. Institutional investors own 82.94% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at 165.95 on Friday. The firm has a 50-day moving average price of $173.01 and a 200-day moving average price of $155.72. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50. The company has a market capitalization of $71.65 billion, a PE ratio of 201.89 and a beta of 1.02.

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

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A number of research firms have recently weighed in on NFLX. UBS AG reaffirmed a “buy” rating and set a $175.00 price target on shares of Netflix in a research note on Monday, May 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $180.00 price target (up from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $199.00 price target (up from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Finally, Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix has an average rating of “Buy” and an average price target of $178.07.

In other news, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction 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 transaction, the insider now owns 19,943 shares in the company, valued at approximately $3,276,435.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the transaction, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 378,288 shares of company stock worth $63,908,370. Corporate 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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