DC Investments Management LLC Invests $4.07 Million in Netflix, Inc. (NASDAQ:NFLX)

DC Investments Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,938 shares of the Internet television network’s stock, valued at approximately $4,067,000. Netflix comprises 1.5% of DC Investments Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors increased its holdings in Netflix by 27.3% during the 1st quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock valued at $5,142,631,000 after acquiring an additional 2,936,451 shares in the last quarter. Jennison Associates LLC increased its holdings in Netflix by 15.1% in the 1st quarter. Jennison Associates LLC now owns 8,950,493 shares of the Internet television network’s stock worth $3,360,910,000 after purchasing an additional 1,174,164 shares in the last quarter. Geode Capital Management LLC increased its holdings in Netflix by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 6,527,589 shares of the Internet television network’s stock worth $2,446,123,000 after purchasing an additional 399,048 shares in the last quarter. Sands Capital Management LLC increased its holdings in Netflix by 30.7% in the 1st quarter. Sands Capital Management LLC now owns 5,536,697 shares of the Internet television network’s stock worth $2,079,030,000 after purchasing an additional 1,299,967 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Netflix by 181.8% in the 1st quarter. Wellington Management Group LLP now owns 3,373,506 shares of the Internet television network’s stock worth $1,266,751,000 after purchasing an additional 2,176,569 shares in the last quarter. Hedge funds and other institutional investors own 82.30% of the company’s stock.

Shares of Netflix stock traded up $6.97 on Thursday, hitting $509.08. The company had a trading volume of 3,713,587 shares, compared to its average volume of 8,047,623. The stock has a market capitalization of $224.67 billion, a price-to-earnings ratio of 85.85, a P/E/G ratio of 2.70 and a beta of 0.94. Netflix, Inc. has a 1 year low of $252.28 and a 1 year high of $575.37. The stock has a 50 day moving average of $483.29 and a 200-day moving average of $411.17. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $1.59 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.22). The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Netflix had a return on equity of 33.32% and a net margin of 11.85%. During the same period last year, the company earned $0.60 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 6.28 earnings per share for the current year.

In related news, insider Gregory K. Peters sold 5,366 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $450.00, for a total transaction of $2,414,700.00. Following the completion of the sale, the insider now directly owns 18,456 shares of the company’s stock, valued at $8,305,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 1,481 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $485.57, for a total value of $719,129.17. Following the completion of the sale, the director now directly owns 35,643 shares of the company’s stock, valued at $17,307,171.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,612 shares of company stock valued at $90,145,458. Company insiders own 3.40% of the company’s stock.

A number of equities analysts have issued reports on NFLX shares. Societe Generale reaffirmed a “sell” rating and issued a $270.00 target price on shares of Netflix in a report on Tuesday, July 21st. Raymond James cut Netflix from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $415.00 to $480.00 in a research note on Wednesday, April 22nd. Loop Capital increased their price target on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Co reissued a “hold” rating and issued a $470.00 price target (up previously from $460.00) on shares of Netflix in a research note on Friday, July 17th. Finally, Deutsche Bank increased their price target on Netflix from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix presently has an average rating of “Hold” and a consensus target price of $483.56.

About Netflix

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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