Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 693,026 shares of the Internet television network’s stock after selling 61,312 shares during the period. Netflix comprises about 0.8% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 19th largest position. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Netflix worth $315,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in shares of Netflix by 27.3% during the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock worth $5,142,631,000 after buying an additional 2,936,451 shares in the last quarter. Wellington Management Group LLP increased its holdings in Netflix by 181.8% during the 1st quarter. Wellington Management Group LLP now owns 3,373,506 shares of the Internet television network’s stock valued at $1,266,751,000 after purchasing an additional 2,176,569 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in Netflix in the 1st quarter valued at $42,595,000. Sands Capital Management LLC boosted its stake in Netflix by 30.7% in the first 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, BlackRock Inc. grew its holdings in shares of Netflix by 2.8% during the second quarter. BlackRock Inc. now owns 29,171,135 shares of the Internet television network’s stock worth $13,274,032,000 after purchasing an additional 797,481 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.
In related news, CEO Reed Hastings sold 57,260 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $462.40, for a total value of $26,477,024.00. Following the completion of the transaction, the chief executive officer now owns 57,260 shares of the company’s stock, valued at $26,477,024. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 4,907 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $550.00, for a total transaction of $2,698,850.00. Following the completion of the transaction, the director now directly owns 8,237 shares of the company’s stock, valued at approximately $4,530,350. The disclosure for this sale can be found here. In the last three months, insiders sold 248,524 shares of company stock worth $121,935,040. 3.40% of the stock is owned by insiders.
NFLX traded down $12.13 during trading on Wednesday, hitting $483.86. The company had a trading volume of 4,396,067 shares, compared to its average volume of 7,740,460. The company has a market capitalization of $213.39 billion, a PE ratio of 81.72, a PEG ratio of 2.56 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.64. Netflix, Inc. has a one year low of $252.28 and a one year high of $575.37. The firm’s 50-day moving average price is $499.58 and its 200 day moving average price is $439.98.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.22). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.08 billion. Netflix had a net margin of 11.85% and a return on equity of 33.32%. During the same period in the prior year, the business earned $0.60 EPS. Sell-side analysts forecast that Netflix, Inc. will post 6.28 earnings per share for the current year.
Netflix Company Profile
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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