Netflix, Inc. (NFLX) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,099 shares of the Internet television network’s stock after acquiring an additional 30,343 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Netflix worth $48,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after acquiring an additional 789,190 shares in the last quarter. BlackRock Inc. increased its position in Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares during the period. FMR LLC increased its position in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the period. Jennison Associates LLC increased its position in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after buying an additional 172,229 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Netflix, Inc. (NFLX) opened at $184.21 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 12 month low of $119.42 and a 12 month high of $204.38. The firm has a market capitalization of $79,639.83, a P/E ratio of 185.90, a P/E/G ratio of 5.47 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. research analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current year.

Several research analysts have commented on the company. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and set a $165.00 price target (down previously from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. Wedbush reaffirmed a “sell” rating on shares of Netflix in a research report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, SunTrust Banks set a $175.00 price target on Netflix and gave the stock a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $208.19.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $189.39, for a total transaction of $189,390.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $189,390. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total value of $735,516.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 323,935 shares of company stock worth $62,565,812. 4.90% of the stock is owned by company insiders.

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Netflix 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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