Candriam Luxembourg S.C.A. Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Candriam Luxembourg S.C.A. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Clean Yield Group acquired a new stake in Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new stake in Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. boosted its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 82.94% of the company’s stock.

Netflix, Inc. (NASDAQ:NFLX) traded down 2.29% during trading on Thursday, reaching $166.09. 5,229,188 shares of the company’s stock were exchanged. The stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 202.06 and a beta of 1.02. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The company’s 50 day moving average price is $170.35 and its 200-day moving average price is $154.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post $1.19 EPS for the current year.

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A number of equities research analysts have recently commented on NFLX shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 target price on shares of Netflix in a research report on Tuesday, May 2nd. MKM Partners restated a “buy” rating and set a $175.00 target price on shares of Netflix in a research report on Tuesday, April 25th. UBS AG reiterated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a report on Wednesday, April 19th. Loop Capital reiterated a “buy” rating and issued a $180.00 price objective (up from $172.00) on shares of Netflix in a report on Tuesday, May 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $165.00 price objective on shares of Netflix in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $175.12.

In related news, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the transaction, the chief executive officer now directly owns 101,815 shares of the company’s stock, valued at $15,998,190.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00. Following the transaction, the director now directly owns 7,198 shares in the company, valued at $1,351,712.42. The disclosure for this sale can be found here. Insiders have sold 389,801 shares of company stock worth $64,889,201 over the last ninety days. 4.90% of the stock is currently owned by insiders.

About Netflix

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.