MPS Loria Financial Planners LLC raised its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 959 shares of the Internet television network’s stock after purchasing an additional 145 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in Netflix were worth $422,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of NFLX. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Netflix by 305,647.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,168,128 shares of the Internet television network’s stock valued at $6,681,409,000 after buying an additional 15,163,167 shares during the period. Mizuho Markets Americas LLC grew its stake in Netflix by 11,985.6% during the 1st quarter. Mizuho Markets Americas LLC now owns 7,000,000 shares of the Internet television network’s stock valued at $56,700,000 after purchasing an additional 6,942,080 shares in the last quarter. Norges Bank acquired a new stake in Netflix during the 4th quarter valued at approximately $1,501,762,000. Moneta Group Investment Advisors LLC grew its stake in Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock valued at $808,575,000 after purchasing an additional 2,739,725 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Netflix by 16.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,244,508 shares of the Internet television network’s stock valued at $3,905,540,000 after purchasing an additional 1,839,366 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $500.00 target price on shares of Netflix in a research note on Thursday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $450.00 price objective on shares of Netflix in a research note on Thursday, July 20th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $425.00 to $500.00 in a research note on Friday, August 25th. Finally, Evercore ISI dropped their price objective on Netflix from $550.00 to $500.00 and set an “outperform” rating on the stock in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $433.06.
Get Our Latest Stock Analysis on NFLX
Insiders Place Their Bets
In other news, Director Richard N. Barton sold 500 shares of Netflix stock in a transaction on Monday, July 10th. The stock was sold at an average price of $438.52, for a total value of $219,260.00. Following the transaction, the director now owns 86 shares in the company, valued at approximately $37,712.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Timothy M. Haley sold 1,022 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total transaction of $460,094.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 500 shares of Netflix stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $438.52, for a total value of $219,260.00. Following the transaction, the director now directly owns 86 shares in the company, valued at $37,712.72. The disclosure for this sale can be found here. Insiders have sold a total of 101,962 shares of company stock worth $44,317,192 in the last 90 days. Company insiders own 2.45% of the company’s stock.
Netflix Stock Up 0.4 %
Shares of NASDAQ:NFLX traded up $1.66 during mid-day trading on Monday, reaching $379.26. 2,275,919 shares of the stock were exchanged, compared to its average volume of 6,844,543. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $417.93 and its 200-day simple moving average is $390.20. The company has a market cap of $168.07 billion, a P/E ratio of 40.21, a P/E/G ratio of 1.25 and a beta of 1.31. Netflix, Inc. has a one year low of $211.73 and a one year high of $485.00.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The company had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the firm posted $3.20 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Netflix, Inc. will post 11.91 EPS for the current year.
Netflix Company Profile
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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