Harbour Capital Advisors LLC Has $140,000 Stake in Netflix, Inc. (NFLX)

Harbour Capital Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14,840.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,917 shares of the Internet television network’s stock after buying an additional 20,777 shares during the period. Harbour Capital Advisors LLC’s holdings in Netflix were worth $140,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Highbridge Capital Management LLC raised its stake in shares of Netflix by 1,108.0% in the fourth quarter. Highbridge Capital Management LLC now owns 3,624 shares of the Internet television network’s stock worth $448,000 after buying an additional 3,324 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock worth $414,000 after buying an additional 1,017 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Netflix during the first quarter worth $471,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Netflix by 6.5% in the first quarter. Quadrant Capital Group LLC now owns 1,674 shares of the Internet television network’s stock worth $233,000 after buying an additional 102 shares during the last quarter. Institutional investors own 82.94% of the company’s stock.

Netflix, Inc. (NASDAQ:NFLX) traded up 0.27% during mid-day trading on Friday, reaching $166.54. 7,385,736 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $170.82 and its 200-day moving average price is $154.74. The company has a market capitalization of $71.90 billion, a P/E ratio of 202.60 and a beta of 1.02. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during 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 firm’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. On average, equities research analysts expect that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $175.00 price target on shares of Netflix in a report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating on shares of Netflix in a report on Thursday, August 10th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $215.00 price target on shares of Netflix in a report on Monday, August 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.12.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the completion of the transaction, the insider now directly owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 389,801 shares of company stock valued at $64,889,201. 4.90% of the stock is owned by company insiders.

About Netflix

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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