Mirador Capital Partners LP Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Mirador Capital Partners LP bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 648 shares of the Internet television network’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NFLX. Thoroughbred Financial Services LLC raised its stake in shares of Netflix by 36,563.5% in the second 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 period. FMR LLC increased its stake in Netflix by 2.4% in the 1st quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock worth $9,330,112,000 after buying an additional 605,419 shares during the period. SG Americas Securities LLC increased its stake in Netflix by 127.8% in the 1st quarter. SG Americas Securities LLC now owns 93,575 shares of the Internet television network’s stock worth $33,365,000 after buying an additional 429,775 shares during the period. Janus Henderson Group PLC increased its stake in Netflix by 11.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,257,549 shares of the Internet television network’s stock worth $1,161,512,000 after buying an additional 339,899 shares during the period. Finally, WCM Investment Management LLC purchased a new position in Netflix in the 1st quarter worth about $110,942,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Bradford L. Smith purchased 6,499 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at $246,483.51. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 51,898 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $372.89, for a total transaction of $19,352,245.22. Following the completion of the sale, the chief executive officer now owns 51,898 shares in the company, valued at $19,352,245.22. The disclosure for this sale can be found here. Insiders sold a total of 160,717 shares of company stock worth $52,621,735 over the last 90 days. Company insiders own 4.29% of the company’s stock.

Several research analysts recently commented on the stock. ValuEngine downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Rosenblatt Securities reaffirmed 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. Pivotal Research reaffirmed a “buy” rating and issued a $515.00 price target (up previously from $500.00) on shares of Netflix in a research note on Wednesday, July 17th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $395.00 to $425.00 in a research note on Monday, June 3rd. Finally, Wolfe Research assumed coverage on shares of Netflix in a research note on Thursday, June 20th. They issued an “outperform” rating and a $442.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $392.38.

NASDAQ NFLX traded down $5.49 during trading on Friday, reaching $291.44. 5,664,725 shares of the company’s stock traded hands, compared to its average volume of 6,809,117. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $130.01 billion, a price-to-earnings ratio of 108.75, a price-to-earnings-growth ratio of 3.03 and a beta of 1.23. The company’s 50 day simple moving average is $329.07 and its two-hundred day simple moving average is $352.23. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $386.80.

Netflix (NASDAQ:NFLX) last posted 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. 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 the consensus estimate of $4.93 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 3.26 earnings per share for the current fiscal year.

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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