Netflix, Inc. (NFLX) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.8% during the third quarter, Holdings Channel reports. The fund owned 140,042 shares of the Internet television network’s stock after purchasing an additional 13,619 shares during the period. William Blair Investment Management LLC’s holdings in Netflix were worth $52,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ancora Advisors LLC boosted its position in Netflix by 40.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,866 shares of the Internet television network’s stock valued at $699,000 after buying an additional 538 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in Netflix in the 3rd quarter valued at $2,736,000. GSA Capital Partners LLP bought a new position in Netflix in the 3rd quarter valued at $685,000. Clarius Group LLC boosted its position in Netflix by 20.7% in the 3rd quarter. Clarius Group LLC now owns 5,520 shares of the Internet television network’s stock valued at $2,065,000 after buying an additional 947 shares during the last quarter. Finally, Advisory Research Inc. boosted its position in Netflix by 55.4% in the 3rd quarter. Advisory Research Inc. now owns 1,812 shares of the Internet television network’s stock valued at $678,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.

A number of research analysts have commented on the company. Credit Suisse Group reiterated a “buy” rating and issued a $470.00 price objective on shares of Netflix in a research report on Monday, October 1st. Goldman Sachs Group set a $470.00 price objective on Netflix and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Macquarie set a $388.00 price objective on Netflix and gave the company a “buy” rating in a research report on Wednesday, September 26th. Sanford C. Bernstein reiterated a “buy” rating and issued a $465.00 price objective on shares of Netflix in a research report on Wednesday, October 17th. Finally, Nomura reiterated a “neutral” rating and issued a $370.00 price objective on shares of Netflix in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus price target of $376.99.

Shares of Netflix stock opened at $286.13 on Friday. The firm has a market cap of $124.78 billion, a P/E ratio of 228.90, a price-to-earnings-growth ratio of 3.60 and a beta of 1.18. Netflix, Inc. has a 12 month low of $178.38 and a 12 month high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. On average, analysts expect that Netflix, Inc. will post 2.65 EPS for the current year.

In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the sale, the director now owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 78,092 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $266.87, for a total value of $20,840,412.04. Following the sale, the chief executive officer now directly owns 78,092 shares in the company, valued at approximately $20,840,412.04. The disclosure for this sale can be found here. Insiders have sold a total of 334,150 shares of company stock worth $108,858,971 in the last ninety days. 4.29% of the stock is currently owned by company insiders.

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Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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