Ausdal Financial Partners Inc. maintained its position in shares of Netflix Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The institutional investor owned 2,917 shares of the Internet television network’s stock at the end of the second quarter. Ausdal Financial Partners Inc.’s holdings in Netflix were worth $267,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Netflix during the first quarter worth about $2,142,000. Menta Capital LLC raised its position in shares of Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock worth $1,107,000 after buying an additional 7,500 shares during the period. M&T Bank Corp raised its position in shares of Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock worth $3,320,000 after buying an additional 1,737 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock worth $225,000 after buying an additional 310 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock worth $4,801,000 after buying an additional 500 shares during the period. Institutional investors own 78.41% of the company’s stock.
Shares of Netflix Inc. (NASDAQ:NFLX) traded down 0.91% on Monday, reaching $100.55. The company’s stock had a trading volume of 12,583,876 shares. The stock has a market cap of $43.11 billion, a PE ratio of 314.22 and a beta of 1.14. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The company’s 50 day moving average is $98.93 and its 200-day moving average is $96.40.
Several equities research analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $116.00 price target (down from $125.00) on shares of Netflix in a report on Tuesday, July 19th. MKM Partners decreased their price target on Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $103.71 price target for the company in a report on Thursday, September 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 price target on shares of Netflix in a report on Thursday, July 28th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $76.00 price target on shares of Netflix in a report on Friday, September 23rd. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix has an average rating of “Hold” and an average target price of $110.29.
In other Netflix news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the sale, the director now directly owns 15,562 shares in the company, valued at approximately $1,456,291.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag purchased 600,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were acquired at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Company insiders own 4.90% of the company’s stock.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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