Mesirow Financial Investment Management Inc. Has $5.86 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mesirow Financial Investment Management Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,288 shares of the Internet television network’s stock after selling 131 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Netflix were worth $5,864,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Netflix by 2.9% in the 4th quarter. Invesco Ltd. now owns 4,308,201 shares of the Internet television network’s stock valued at $3,839,986,000 after purchasing an additional 119,787 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.5%

Netflix stock opened at $1,168.74 on Wednesday. The stock has a market cap of $496.63 billion, a P/E ratio of 49.80, a PEG ratio of 1.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The firm’s 50 day moving average price is $1,235.63 and its 200-day moving average price is $1,077.14.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.88 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NFLX shares. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Robert W. Baird increased their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. Rosenblatt Securities increased their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,297.66.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,977 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,408 shares of company stock worth $186,614,540. 1.37% of the stock is currently owned by insiders.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.