Ctc LLC Acquires New Position in Netflix, Inc. (NFLX)

CTC LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,505 shares of the Internet television network’s stock, valued at approximately $8,330,000. Netflix makes up approximately 4.1% of CTC LLC’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also recently made changes to their positions in NFLX. Bronfman E.L. Rothschild L.P. increased its position in 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 period. Guardian Life Insurance Co. of America increased 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. increased 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 increased 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 increased 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. 82.57% of the stock is currently owned by institutional investors.

Shares of Netflix, Inc. (NFLX) traded up 0.58% during midday trading on Friday, reaching $180.27. 4,491,055 shares of the company’s stock traded hands. Netflix, Inc. has a one year low of $91.82 and a one year high of $191.50. The firm has a market capitalization of $77.83 billion, a PE ratio of 219.31 and a beta of 1.02. The stock’s 50-day moving average price is $163.28 and its 200 day moving average price is $151.74.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on NFLX. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 price target on the stock in a research note on Thursday, July 27th. MKM Partners increased their target price on shares of Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. BTIG Research increased their target price on shares of Netflix from $170.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Moffett Nathanson restated a “neutral” rating on shares of Netflix in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $174.36.

In related news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $187.75, for a total value of $375,500.00. Following the completion of the sale, the director now directly owns 7,198 shares in the company, valued at $1,351,424.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gregory K. Peters sold 6,853 shares of the firm’s 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 completion of the sale, the insider now owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423,801 shares of company stock valued at $70,183,121. 4.90% of the stock is owned by corporate insiders.

Netflix Company Profile

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.