Haverford Trust Co. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,030 shares of the Internet television network’s stock after acquiring an additional 500 shares during the period. Haverford Trust Co.’s holdings in Netflix were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Bath Savings Trust Co purchased a new stake in shares of Netflix during the 2nd quarter valued at approximately $204,000. Fulton Bank N.A. lifted its stake in shares of Netflix by 16.8% during the 2nd quarter. Fulton Bank N.A. now owns 6,243 shares of the Internet television network’s stock valued at $2,293,000 after buying an additional 899 shares in the last quarter. Douglas Lane & Associates LLC lifted its stake in shares of Netflix by 20.2% during the 2nd quarter. Douglas Lane & Associates LLC now owns 998 shares of the Internet television network’s stock valued at $367,000 after buying an additional 168 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Netflix by 1.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 22,422 shares of the Internet television network’s stock valued at $8,236,000 after buying an additional 256 shares in the last quarter. Finally, Supplemental Annuity Collective Trust of NJ lifted its stake in shares of Netflix by 15.0% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 2,300 shares of the Internet television network’s stock valued at $845,000 after buying an additional 300 shares in the last quarter. 79.29% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Reed Hastings sold 40,061 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $275.64, for a total value of $11,042,414.04. Following the completion of the sale, the chief executive officer now directly owns 40,061 shares of the company’s stock, valued at approximately $11,042,414.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 135,702 shares of company stock valued at $38,290,015. Corporate insiders own 4.29% of the company’s stock.

Shares of NASDAQ:NFLX traded up $2.00 during trading on Friday, reaching $291.57. The company had a trading volume of 4,509,000 shares, compared to its average volume of 8,183,516. The company has a fifty day moving average of $276.43 and a two-hundred day moving average of $323.02. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $385.99. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $126.11 billion, a P/E ratio of 108.79, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period last year, the company posted $0.89 EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 3.33 earnings per share for the current year.

A number of brokerages recently commented on NFLX. Nomura upped their price target on shares of Netflix from $310.00 to $330.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Goldman Sachs Group restated a “buy” rating and set a $400.00 price target on shares of Netflix in a research note on Thursday, October 17th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research note on Thursday, October 3rd. BMO Capital Markets lowered their target price on shares of Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Finally, Evercore ISI lowered their target price on shares of Netflix from $380.00 to $300.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $369.54.

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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