Gilder Gagnon Howe & Co. LLC Sells 118,939 Shares of Netflix Inc. (NFLX)

Gilder Gagnon Howe & Co. LLC lowered its stake in Netflix Inc. (NASDAQ:NFLX) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,516,558 shares of the Internet television network’s stock after selling 118,939 shares during the period. Netflix makes up 6.4% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 2nd largest position. Gilder Gagnon Howe & Co. LLC’s holdings in Netflix were worth $321,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. M&T Bank Corp raised its position in shares of Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock valued at $3,320,000 after buying an additional 1,737 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock valued at $225,000 after buying an additional 310 shares in the last quarter. Canada Pension Plan Investment Board raised 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 valued at $4,801,000 after buying an additional 500 shares in the last quarter. BB&T Securities LLC raised 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 valued at $1,123,000 after buying an additional 5,416 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 valued at $1,774,000 after buying an additional 1,686 shares in the last quarter. 78.41% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Shares of Netflix Inc. (NASDAQ:NFLX) traded up 1.91% during midday trading on Wednesday, reaching $121.06. 12,910,713 shares of the company traded hands. The company has a 50 day moving average price of $99.60 and a 200 day moving average price of $96.38. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The company has a market capitalization of $51.90 billion, a PE ratio of 378.31 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.45%. Netflix’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. On average, analysts expect that Netflix Inc. will post $0.28 earnings per share for the current year.

Several research analysts recently issued reports on NFLX shares. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, June 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $62.00 target price on shares of Netflix in a research report on Wednesday, June 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $140.00 target price on shares of Netflix in a research report on Thursday, June 23rd. Pacific Crest reaffirmed a “buy” rating and set a $130.00 target price on shares of Netflix in a research report on Wednesday, June 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $140.00 price target on shares of Netflix in a report on Tuesday, June 28th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.73.

In related news, Director Jay C. Hoag bought 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the sale, the chief executive officer now directly owns 116,431 shares in the company, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

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.

5 Day Chart for NASDAQ:NFLX

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix Inc. (NASDAQ:NFLX).

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom


 
© 2006-2016 Ticker Report. Google+.