Blair William & Co. IL trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,000 shares of the Internet television network’s stock after selling 2,637 shares during the quarter. Blair William & Co. IL’s holdings in Netflix were worth $43,183,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of NFLX. Capital Investment Advisors LLC lifted its holdings in shares of Netflix by 5.9% during the fourth quarter. Capital Investment Advisors LLC now owns 1,092 shares of the Internet television network’s stock valued at $353,000 after purchasing an additional 61 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $260,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Netflix by 18.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 200 shares of the Internet television network’s stock worth $65,000 after acquiring an additional 31 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in Netflix in the 4th quarter worth approximately $1,626,000. Finally, Nwam LLC raised its stake in Netflix by 9.8% during the 4th quarter. Nwam LLC now owns 2,101 shares of the Internet television network’s stock valued at $680,000 after buying an additional 187 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group boosted their price objective on shares of Netflix from $430.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Credit Suisse Group increased their price objective on shares of Netflix from $440.00 to $465.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Deutsche Bank upped their target price on shares of Netflix from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Cowen upped their target price on shares of Netflix from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, UBS Group lowered shares of Netflix to a “sell” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the stock. Netflix has a consensus rating of “Buy” and an average target price of $432.95.
Shares of NASDAQ NFLX traded down $6.93 during midday trading on Friday, reaching $429.32. 5,399,413 shares of the company’s stock traded hands, compared to its average volume of 7,155,619. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.69. The stock’s 50 day simple moving average is $415.53 and its 200-day simple moving average is $355.27. Netflix, Inc. has a one year low of $252.28 and a one year high of $458.97. The company has a market cap of $191.86 billion, a price-to-earnings ratio of 86.91, a P/E/G ratio of 2.26 and a beta of 0.97.
Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, April 21st. The Internet television network reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.07). The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.75 billion. Netflix had a net margin of 10.43% and a return on equity of 30.83%. Netflix’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. Equities analysts predict that Netflix, Inc. will post 6.42 EPS for the current fiscal year.
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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