MONECO Advisors LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

MONECO Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 4.5% in the 1st quarter, Holdings Channel reports. The fund owned 2,720 shares of the Internet television network’s stock after purchasing an additional 116 shares during the period. MONECO Advisors LLC’s holdings in Netflix were worth $1,019,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Blodgett Wealth Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth approximately $361,000. Ibex Investors LLC acquired a new stake in shares of Netflix during the fourth quarter worth approximately $2,711,000. Qube Research & Technologies Ltd bought a new position in Netflix during the fourth quarter worth $28,659,000. Kornitzer Capital Management Inc. KS lifted its stake in Netflix by 1.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 15,875 shares of the Internet television network’s stock worth $9,564,000 after purchasing an additional 163 shares during the last quarter. Finally, AGF Investments Inc. lifted its stake in Netflix by 544.4% during the fourth quarter. AGF Investments Inc. now owns 14,860 shares of the Internet television network’s stock worth $8,952,000 after purchasing an additional 12,554 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX traded down $3.49 during trading hours on Friday, reaching $226.42. The company had a trading volume of 161,348 shares, compared to its average volume of 13,504,563. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $100.69 billion, a PE ratio of 20.44, a PEG ratio of 1.57 and a beta of 1.36. The stock has a 50-day moving average of $194.22 and a two-hundred day moving average of $281.90. Netflix, Inc. has a one year low of $162.71 and a one year high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.24. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 earnings per share. Analysts forecast that Netflix, Inc. will post 10.06 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. Cowen reduced their price objective on Netflix from $590.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 20th. Edward Jones cut Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. UBS Group reduced their price objective on Netflix from $355.00 to $198.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. Citigroup cut their target price on Netflix from $295.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Finally, Piper Sandler raised their target price on Netflix from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $323.92.

Netflix Company Profile

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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