Hartford Investment Management Co. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 93,125 shares of the Internet television network’s stock after selling 3,476 shares during the period. Hartford Investment Management Co.’s holdings in Netflix were worth $13,914,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake 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 valued at $245,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC raised its position in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the period. Banco Santander S.A. purchased a new position in Netflix during the first quarter worth about $43,264,000. Bronfman E.L. Rothschild L.P. raised 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. Finally, Twin Capital Management Inc. raised its position in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 82.94% of the company’s stock.
Netflix, Inc. (NASDAQ NFLX) opened at 171.00 on Tuesday. The company has a 50 day moving average price of $169.13 and a 200-day moving average price of $154.17. The company has a market capitalization of $73.83 billion, a P/E ratio of 208.03 and a beta of 1.02. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.
A number of research analysts have issued reports on NFLX shares. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Guggenheim upped their price objective on shares of Netflix from $160.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. William Blair reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Netflix in a research note on Saturday, April 22nd. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $158.60 price objective for the company in a research note on Monday, May 15th. Finally, Cantor Fitzgerald upped their price objective on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $175.13.
In other news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction dated 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 transaction, the insider now directly 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 three months, insiders sold 389,801 shares of company stock valued at $64,889,201. 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.
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