Netflix, Inc. (NFLX) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,331 shares of the Internet television network’s stock after buying an additional 1,089 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Netflix were worth $4,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NFLX. Jennison Associates LLC increased its holdings in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. FMR LLC increased its holdings in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares during the last quarter. Vanguard Group Inc. increased its holdings in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its holdings in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares during the last quarter. 81.05% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the transaction, the chief executive officer now owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $173.62, for a total transaction of $173,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,391,043.44. The disclosure for this sale can be found here. In the last three months, insiders sold 349,435 shares of company stock valued at $59,221,491. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NFLX) traded up 2.0068% during midday trading on Monday, reaching $179.9604. 1,698,907 shares of the company’s stock were exchanged. The company has a market cap of $77.70 billion, a price-to-earnings ratio of 218.9299 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 firm has a 50-day moving average price of $175.33 and a 200 day moving average price of $157.94.

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 analysts’ consensus estimates of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business earned $0.09 EPS. The business’s revenue was up 32.3% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post $1.19 EPS for the current year.

Several brokerages recently weighed in on NFLX. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $158.60 price objective for the company in a report on Monday, May 15th. Cantor Fitzgerald boosted their price objective on Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. MKM Partners boosted their price objective on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Netflix in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $178.23.

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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