Candriam Luxembourg S.C.A. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,655 shares of the Internet television network’s stock after buying an additional 1,928 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Netflix were worth $5,029,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. FMR LLC increased its position in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. State Street Corp increased its position in shares of Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Jennison Associates LLC increased its position in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Netflix by 3.2% in the first quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network’s stock valued at $1,122,336,000 after buying an additional 234,664 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS.
Several research analysts recently issued reports on NFLX shares. Stifel Nicolaus lifted their price objective on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co lifted their price objective on Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, April 18th. Jefferies Group LLC lifted their price objective on Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, MKM Partners restated a “buy” rating and set a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $174.36.
In other news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total transaction of $318,160.00. Following the completion of the sale, the director now owns 7,082 shares in the company, valued at approximately $1,126,604.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Insiders sold a total of 398,801 shares of company stock valued at $66,269,371 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.
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.
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
