Netflix, Inc. (NFLX) Shares Bought by MML Investors Services LLC

MML Investors Services LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,106 shares of the Internet television network’s stock after purchasing an additional 1,544 shares during the quarter. MML Investors Services LLC’s holdings in Netflix were worth $3,602,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its stake in Netflix by 0.8% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after purchasing an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its stake in Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after purchasing an additional 12 shares during the last quarter. Heritage Investors Management Corp raised its stake in Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the last quarter. Finally, Northwest Wealth Management LLC raised its stake in Netflix by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) traded down 0.26% during mid-day trading on Friday, hitting $188.28. The stock had a trading volume of 1,183,298 shares. The firm has a market cap of $81.29 billion, a PE ratio of 229.05 and a beta of 1.05. 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 $175.28 and its 200 day moving average price is $160.06.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts anticipate that Netflix, Inc. will post $1.17 earnings per share for the current year.

In related news, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the transaction, the insider now directly owns 19,208 shares in the company, valued at approximately $3,407,115.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 311,325 shares of company stock worth $55,912,478. 4.90% of the stock is currently owned by insiders.

Several equities research analysts have issued reports on NFLX shares. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price target (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC reissued a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a report on Wednesday, August 16th. Finally, Hanson reissued a “neutral” rating and issued a $140.00 price target on shares of Netflix in a report on Wednesday. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $178.90.

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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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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