Netflix, Inc. (NFLX) Stake Lessened by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,321 shares of the Internet television network’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Netflix were worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the period. Jennison Associates LLC boosted its stake in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $189.56 on Friday. The company has a market capitalization of $81,292.87, a P/E ratio of 189.76, a P/E/G ratio of 5.58 and a beta of 1.33. Netflix, Inc. has a 52-week low of $122.87 and a 52-week high of $204.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. equities analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.

Several research analysts have commented on NFLX shares. Bank of America lifted their price objective on shares of Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Sanford C. Bernstein set a $203.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Monday, September 18th. KeyCorp reaffirmed a “buy” rating and set a $190.00 price objective on shares of Netflix in a research note on Friday, August 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective (up from $190.00) on shares of Netflix in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus target price of $209.65.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total value of $368,600.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,476,611.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total value of $735,516.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 325,285 shares of company stock worth $62,818,751. 4.90% of the stock is owned by insiders.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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