Baillie Gifford & Co. Has $1.12 Billion Holdings in Netflix, Inc. (NFLX)

Baillie Gifford & Co. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,472,435 shares of the Internet television network’s stock after selling 120,662 shares during the quarter. Netflix makes up 1.5% of Baillie Gifford & Co.’s portfolio, making the stock its 14th biggest holding. Baillie Gifford & Co. owned 1.73% of Netflix worth $1,116,457,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NFLX. Acadian Asset Management LLC lifted its position in Netflix by 193.5% during the first quarter. Acadian Asset Management LLC now owns 1,676 shares of the Internet television network’s stock worth $248,000 after buying an additional 1,105 shares during the period. Flinton Capital Management LLC lifted its position in Netflix by 13.5% during the first quarter. Flinton Capital Management LLC now owns 4,432 shares of the Internet television network’s stock worth $655,000 after buying an additional 528 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Netflix by 7.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 114,133 shares of the Internet television network’s stock worth $17,020,000 after buying an additional 7,628 shares during the period. Daiwa Securities Group Inc. lifted its position in Netflix by 12.3% during the first quarter. Daiwa Securities Group Inc. now owns 61,463 shares of the Internet television network’s stock worth $9,084,000 after buying an additional 6,748 shares during the period. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO lifted its position in Netflix by 59.0% during the first quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 62,000 shares of the Internet television network’s stock worth $9,164,000 after buying an additional 23,000 shares during the period. Institutional investors and hedge funds own 81.05% of the company’s stock.

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In other Netflix news, CEO Reed Hastings sold 115,577 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $173.62, for a total transaction of $173,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,391,043.44. The disclosure for this sale can be found here. Insiders sold a total of 349,435 shares of company stock worth $59,221,491 in the last three months. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NASDAQ NFLX) traded down 0.15% during trading on Friday, reaching $182.35. The company’s stock had a trading volume of 5,591,743 shares. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The company has a market cap of $78.73 billion, a P/E ratio of 221.84 and a beta of 1.05. The company’s 50 day moving average price is $175.15 and its 200 day moving average price is $159.15.

Netflix (NASDAQ:NFLX) last posted its 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue was up 32.3% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. On average, equities analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

NFLX has been the subject of several research analyst reports. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price for the company in a research note on Thursday, August 10th. MKM Partners reiterated a “buy” rating and issued a $195.00 target price on shares of Netflix in a research note on Monday, July 10th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. KeyCorp reiterated a “buy” rating and issued a $190.00 target price on shares of Netflix in a research note on Friday, August 25th. Finally, Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research note on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Netflix has a consensus rating of “Buy” and an average price target of $178.70.

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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