Strs Ohio Has $119.08 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Strs Ohio increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,191 shares of the Internet television network’s stock after purchasing an additional 1,521 shares during the quarter. Strs Ohio owned approximately 0.07% of Netflix worth $119,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nelson Roberts Investment Advisors LLC lifted its stake in Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. TCG Advisors LP acquired a new stake in Netflix in the first quarter valued at $36,000. SevenBridge Financial Group LLC lifted its stake in Netflix by 66.7% in the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after acquiring an additional 50 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Netflix by 182.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after acquiring an additional 91 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new stake in Netflix in the first quarter valued at $55,000. Institutional investors and hedge funds own 77.03% of the company’s stock.

NASDAQ:NFLX traded down $13.16 during mid-day trading on Monday, reaching $305.67. 426,490 shares of the company’s stock were exchanged, compared to its average volume of 9,541,090. Netflix, Inc. has a one year low of $231.23 and a one year high of $386.80. The stock has a market capitalization of $139.59 billion, a price-to-earnings ratio of 114.56, a PEG ratio of 3.24 and a beta of 1.24. The business’s fifty day moving average is $353.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

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

In other Netflix news, Director Ann Mather sold 1,208 shares of the firm’s stock in a transaction dated 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 directly owns 357 shares of the company’s stock, valued at approximately $133,875. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 55,342 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were 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 directly owns 55,342 shares in the company, valued at $17,130,562.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,862 shares of company stock worth $56,966,404. 3.72% of the stock is owned by insiders.

NFLX has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Netflix in a research note on Thursday, June 20th. They issued an “outperform” rating and a $442.00 price target for the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $370.00 price target (up previously from $350.00) on shares of Netflix in a research note on Wednesday, July 10th. Buckingham Research cut their price target on shares of Netflix from $382.00 to $358.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Oppenheimer cut their price target on shares of Netflix from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, Citigroup cut their price target on shares of Netflix from $420.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price 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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