Netflix, Inc. (NFLX) Shares Bought by Coastline Trust Co

Coastline Trust Co raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 169.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,908 shares of the Internet television network’s stock after purchasing an additional 2,455 shares during the quarter. Coastline Trust Co’s holdings in Netflix were worth $1,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in Netflix by 2.3% during the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after purchasing an additional 619,795 shares during the last quarter. FMR LLC grew its stake in Netflix by 6.1% during the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares during the last quarter. Edgewood Management LLC grew its stake in Netflix by 2.3% during the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after purchasing an additional 55,566 shares during the last quarter. Morgan Stanley grew its stake in Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after purchasing an additional 37,425 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Netflix by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,581,565 shares of the Internet television network’s stock valued at $619,072,000 after purchasing an additional 65,394 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

In other Netflix news, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the completion of the transaction, the director now owns 9,177 shares of the company’s stock, valued at $3,087,234.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Theodore A. Sarandos sold 111,391 shares of the stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the transaction, the insider now directly owns 16,065 shares of the company’s stock, valued at approximately $5,783,400. The disclosure for this sale can be found here. Insiders sold a total of 403,334 shares of company stock valued at $142,463,785 in the last ninety days. 4.29% of the stock is currently owned by insiders.

Several research firms have weighed in on NFLX. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Friday. Nomura restated a “neutral” rating and issued a $370.00 target price on shares of Netflix in a research note on Wednesday. Barclays set a $430.00 target price on Netflix and gave the stock a “buy” rating in a research note on Wednesday. Atlantic Securities restated a “buy” rating and issued a $441.00 target price on shares of Netflix in a research note on Wednesday. Finally, Pivotal Research upped their target price on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $376.83.

NASDAQ NFLX opened at $346.71 on Friday. The stock has a market capitalization of $162.92 billion, a P/E ratio of 277.37, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. Netflix, Inc. has a twelve month low of $178.38 and a twelve month high of $423.21. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. Netflix’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 2.67 EPS for the current year.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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