SevenBridge Financial Group LLC Has $46,000 Position in Netflix, Inc. (NASDAQ:NFLX)

SevenBridge Financial Group LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 66.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125 shares of the Internet television network’s stock after acquiring an additional 50 shares during the period. SevenBridge Financial Group LLC’s holdings in Netflix were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in 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 purchasing an additional 605,419 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 5,342,932 shares of the Internet television network’s stock valued at $1,427,434,000 after purchasing an additional 148,252 shares during the last quarter. Northern Trust Corp lifted its holdings in Netflix by 1.9% during the 1st quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock valued at $1,764,438,000 after purchasing an additional 90,312 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in 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 purchasing an additional 339,899 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Netflix by 2.8% during the 1st quarter. Swiss National Bank now owns 1,455,525 shares of the Internet television network’s stock valued at $518,982,000 after purchasing an additional 39,900 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Shares of Netflix stock traded up $2.39 during midday trading on Thursday, reaching $325.38. 140,725 shares of the company’s stock traded hands, compared to its average volume of 8,969,890. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $141.34 billion, a P/E ratio of 121.40, a PEG ratio of 3.38 and a beta of 1.26. The company’s 50 day moving average is $354.50. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $386.80.

Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company 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%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Research analysts anticipate that Netflix, Inc. will post 3.28 EPS for the current year.

NFLX has been the subject of several analyst reports. UBS Group reissued a “buy” rating and set a $420.00 price target on shares of Netflix in a report on Thursday, April 18th. Stifel Nicolaus reiterated a “buy” rating and set a $400.00 price target on shares of Netflix in a research report on Monday, April 8th. Deutsche Bank boosted their price objective on shares of Netflix to $371.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $370.00 price target (up previously from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Finally, Evercore ISI reissued an “outperform” rating and issued a $380.00 price objective (up previously from $350.00) on shares of Netflix in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $390.47.

In related news, CEO Reed Hastings sold 55,342 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $309.54, for a total transaction of $17,130,562.68. Following the completion of the transaction, the chief executive officer now owns 55,342 shares in the company, valued at $17,130,562.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 1,208 shares of the company’s stock in a transaction that occurred 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 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. In the last 90 days, insiders have sold 165,862 shares of company stock valued at $56,966,404. 4.29% of the stock is owned by corporate insiders.

Netflix Company 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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