Douglass Winthrop Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,600 shares of the Internet television network’s stock, valued at approximately $599,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Financial Gravity Wealth Inc. bought a new stake in shares of Netflix in the 1st quarter valued at about $326,000. Baird Financial Group Inc. lifted its stake in shares of Netflix by 10.1% in the 1st quarter. Baird Financial Group Inc. now owns 7,216 shares of the Internet television network’s stock valued at $2,131,000 after acquiring an additional 660 shares during the last quarter. Nuveen Asset Management LLC raised its position in Netflix by 18.3% during the 1st quarter. Nuveen Asset Management LLC now owns 20,361 shares of the Internet television network’s stock valued at $6,014,000 after purchasing an additional 3,148 shares during the last quarter. United Capital Financial Advisers LLC raised its position in Netflix by 10.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 17,239 shares of the Internet television network’s stock valued at $5,092,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Natixis raised its position in Netflix by 5,952.2% during the 1st quarter. Natixis now owns 68,390 shares of the Internet television network’s stock valued at $20,199,000 after purchasing an additional 67,260 shares during the last quarter. 73.76% of the stock is owned by institutional investors.

NFLX stock opened at $339.56 on Friday. Netflix, Inc. has a fifty-two week low of $178.38 and a fifty-two week high of $423.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The company has a market cap of $162.92 billion, a price-to-earnings ratio of 271.65, a PEG ratio of 4.67 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts expect that Netflix, Inc. will post 2.67 EPS for the current year.

A number of research firms have commented on NFLX. Pivotal Research upped their price target on Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Goldman Sachs Group upped their price target on Netflix to $490.00 and gave the company a “positive” rating in a research report on Wednesday, June 20th. Imperial Capital began coverage on Netflix in a research report on Tuesday, June 26th. They set an “outperform” rating and a $503.00 price target for the company. Citigroup raised Netflix from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Friday. Finally, Stifel Nicolaus set a $395.00 price target on Netflix and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $355.45.

In related news, insider Theodore A. Sarandos sold 111,391 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total value of $40,100,760.00. Following the sale, the insider now owns 16,065 shares in the company, valued at approximately $5,783,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total value of $113,729.00. Following the completion of the sale, the director now owns 7,314 shares in the company, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. Insiders sold a total of 420,428 shares of company stock worth $149,631,503 in the last 90 days. 4.29% of the stock is currently owned by company 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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