Netflix, Inc. (NFLX) is Whale Rock Capital Management LLC’s 10th Largest Position

Whale Rock Capital Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 32.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,262 shares of the Internet television network’s stock after purchasing an additional 100,509 shares during the quarter. Netflix accounts for about 3.9% of Whale Rock Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Whale Rock Capital Management LLC owned 0.09% of Netflix worth $74,401,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of Netflix in the second quarter worth $1,045,000. Lincoln National Corp grew its holdings in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares during the period. Calamos Advisors LLC grew its holdings in shares of Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the period. Alps Advisors Inc. bought a new stake in shares of Netflix in the second quarter worth $262,000. Finally, BB&T Corp grew its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Netflix, Inc. (NASDAQ:NFLX) opened at $188.54 on Friday. The firm has a market capitalization of $80,141.80, a PE ratio of 187.07, a PEG ratio of 5.50 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $121.73 and a one year high of $204.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. research analysts forecast that Netflix, Inc. will post 1.26 EPS for the current year.

Several brokerages recently commented on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Loop Capital reaffirmed a “buy” rating and issued a $237.00 price objective on shares of Netflix in a report on Wednesday. SunTrust Banks set a $175.00 price objective on Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. Evercore ISI began coverage on Netflix in a report on Wednesday. They issued an “in-line” rating and a $210.00 price objective for the company. Finally, BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $209.65.

In related news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 83,335 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $192.79, for a total value of $16,066,154.65. Following the completion of the sale, the chief executive officer now owns 83,335 shares in the company, valued at $16,066,154.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,285 shares of company stock valued at $62,630,811. Corporate insiders own 4.90% of the company’s stock.

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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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