Today, 1,671 Shares of Netflix Inc. (NFLX) are sold by Oregon Public Employees Retirement Fund

Today, 1,671 Shares of Netflix Inc. (NFLX) are sold by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund reduced its stake in shares of Netflix Inc. (NASDAQ:NFLX) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,029 shares of the Internet television network’s stock after selling 1,671 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Netflix were worth $4,339,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NFLX. Envestnet Asset Management Inc. raised its stake in shares of Netflix by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 21,975 shares of the Internet television network’s stock worth $2,247,000 after buying an additional 324 shares during the last quarter. Babson Capital Management LLC raised its stake in shares of Netflix by 34.9% in the first quarter. Babson Capital Management LLC now owns 18,642 shares of the Internet television network’s stock worth $1,906,000 after buying an additional 4,820 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Netflix by 6.0% in the second quarter. Kistler Tiffany Companies LLC now owns 1,704 shares of the Internet television network’s stock worth $156,000 after buying an additional 96 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Netflix by 11.6% in the second quarter. Raymond James Trust N.A. now owns 2,375 shares of the Internet television network’s stock worth $217,000 after buying an additional 246 shares during the last quarter. Finally, British Columbia Investment Management Corp raised its stake in shares of Netflix by 3.8% in the second quarter. British Columbia Investment Management Corp now owns 258,439 shares of the Internet television network’s stock worth $23,642,000 after buying an additional 9,425 shares during the last quarter. 77.71% of the stock is owned by institutional investors.

Netflix Inc. (NASDAQ:NFLX) traded down 0.24% during trading on Friday, hitting $117.41. 1,616,260 shares of the stock were exchanged. The stock has a market cap of $50.39 billion, a price-to-earnings ratio of 317.32 and a beta of 1.81. The firm’s 50 day moving average price is $116.99 and its 200-day moving average price is $100.75. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm earned $0.07 EPS. Netflix’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts anticipate that Netflix Inc. will post $0.40 EPS for the current year.

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Netflix in a research note on Sunday, August 14th. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $100.98 price target on the stock. in a research note on Tuesday, August 2nd. S&P Equity Research reiterated a “buy” rating and set a $128.00 price target on shares of Netflix in a research note on Thursday, August 25th. Bank of America Corp. reiterated a “buy” rating and set a $146.00 price target on shares of Netflix in a research note on Friday, August 26th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $110.00 price target on shares of Netflix in a research note on Friday, August 26th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $118.48.

In related news, CEO Reed Hastings sold 84,665 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $98.47, for a total value of $8,336,962.55. Following the completion of the transaction, the chief executive officer now directly owns 68,065 shares in the company, valued at approximately $6,702,360.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A George Battle sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $120.00, for a total value of $2,400,000.00. Following the completion of the transaction, the director now owns 750 shares of the company’s stock, valued at $90,000. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

About Netflix

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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