Trade Report: The 5,615 Shares of Netflix Inc. (NFLX) are sold by Dimensional Fund Advisors LP

The 5,615 Shares of Netflix Inc. (NFLX) are sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in Netflix Inc. (NASDAQ:NFLX) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 479,925 shares of the Internet television network’s stock after selling 5,615 shares during the period. Dimensional Fund Advisors LP owned 0.11% of Netflix worth $43,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Gardner Lewis Asset Management L P acquired a new position in shares of Netflix during the first quarter worth $597,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Netflix by 10.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,360 shares of the Internet television network’s stock worth $1,774,000 after buying an additional 1,686 shares during the period. BB&T Securities LLC boosted its position in shares of Netflix by 97.1% in the first quarter. BB&T Securities LLC now owns 10,991 shares of the Internet television network’s stock worth $1,123,000 after buying an additional 5,416 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock worth $4,801,000 after buying an additional 500 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Netflix during the first quarter worth $3,582,000. 78.43% of the stock is owned by institutional investors and hedge funds.

Netflix Inc. (NASDAQ:NFLX) opened at 100.23 on Friday. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The company’s 50-day moving average is $98.81 and its 200 day moving average is $96.40. The firm has a market capitalization of $42.97 billion, a PE ratio of 313.22 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that Netflix Inc. will post $0.28 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the stock. FBR & Co reissued a “market perform” rating and set a $90.00 price objective on shares of Netflix in a research note on Wednesday, October 5th. Deutsche Bank AG initiated coverage on shares of Netflix in a research report on Monday. They set a “sell” rating and a $90.00 target price on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Monday. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $105.94 target price on the stock. in a research report on Monday, October 3rd. Finally, Robert W. Baird restated a “neutral” rating and set a $94.00 target price on shares of Netflix in a research report on Tuesday, October 4th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.32.

In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the sale, the director now owns 15,562 shares in the company, valued at $1,456,291.96. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

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