Hollencrest Capital Management increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,311 shares of the Internet television network’s stock after purchasing an additional 45 shares during the period. Hollencrest Capital Management’s holdings in Netflix were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Thoroughbred Financial Services LLC increased its holdings in shares of Netflix by 36,563.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 786,432 shares of the Internet television network’s stock valued at $78,643,000 after acquiring an additional 784,287 shares during the last quarter. FMR LLC increased its holdings in shares of Netflix by 2.4% during the 1st quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock valued at $9,330,112,000 after acquiring an additional 605,419 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Netflix by 127.8% during the 1st quarter. SG Americas Securities LLC now owns 93,575 shares of the Internet television network’s stock valued at $33,365,000 after acquiring an additional 429,775 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 11.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,257,549 shares of the Internet television network’s stock valued at $1,161,512,000 after acquiring an additional 339,899 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Netflix during the 1st quarter valued at about $110,942,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of NFLX stock traded down $4.61 during mid-day trading on Monday, reaching $331.17. The stock had a trading volume of 1,474,856 shares, compared to its average volume of 8,930,825. The company has a 50 day moving average of $357.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06. Netflix, Inc. has a one year low of $231.23 and a one year high of $386.80. The company has a market capitalization of $147.02 billion, a price-to-earnings ratio of 123.57, a PEG ratio of 3.41 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. Netflix’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 3.28 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 57,414 shares of Netflix stock in a transaction on Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the completion of the transaction, the chief executive officer now owns 57,414 shares in the company, valued at approximately $20,030,596.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 1,208 shares of Netflix stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the transaction, the director now owns 357 shares of the company’s stock, valued at approximately $133,875. The disclosure for this sale can be found here. Insiders have sold a total of 165,862 shares of company stock valued at $56,966,404 in the last 90 days. 3.72% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the company. Citigroup lowered their target price on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Goldman Sachs Group assumed coverage on Enbridge in a report on Thursday, July 18th. They issued a “neutral” rating on the stock. SunTrust Banks reaffirmed a “buy” rating on shares of Netflix in a report on Friday, April 12th. Barclays reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Incyte in a report on Monday, June 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $390.47.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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