B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $2.58 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,440 shares of the Internet television network’s stock after selling 1,416 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Netflix were worth $2,578,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the last quarter. Teachers Advisors LLC increased its position in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the last quarter. Banco Santander S.A. acquired a new position in Netflix during the first quarter valued at $43,264,000. Bronfman E.L. Rothschild L.P. increased its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the last quarter. Finally, Twin Capital Management Inc. increased its position in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock valued at $2,498,000 after buying an additional 130 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors.

Netflix, Inc. (NASDAQ:NFLX) traded up 0.58% during mid-day trading on Friday, hitting $180.27. The stock had a trading volume of 4,491,055 shares. The firm has a market cap of $77.83 billion, a P/E ratio of 219.31 and a beta of 1.02. The stock has a 50-day moving average price of $163.28 and a 200 day moving average price of $151.74. Netflix, Inc. has a 12-month low of $91.82 and a 12-month high of $191.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share. Equities analysts anticipate that Netflix, Inc. will post $1.17 EPS for the current fiscal year.

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Several analysts have recently commented on the stock. UBS AG restated a “buy” rating and set a $175.00 price objective on shares of Netflix in a report on Wednesday, April 19th. Credit Suisse Group reiterated a “neutral” rating and set a $190.00 target price (up previously from $154.00) on shares of Netflix in a research report on Tuesday, July 18th. J P Morgan Chase & Co increased their target price on shares of Netflix from $178.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $165.00 target price (up previously from $141.00) on shares of Netflix in a research report on Tuesday, July 18th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $205.00 target price (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and an average price target of $174.36.

In related news, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the transaction, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 423,801 shares of company stock valued at $70,183,121. Company insiders own 4.90% of the company’s stock.

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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