ERn Financial LLC Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

ERn Financial LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLXGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 938 shares of the Internet television network’s stock, valued at approximately $351,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CapWealth Advisors LLC acquired a new stake in Netflix in the 1st quarter valued at approximately $2,949,000. Creative Financial Designs Inc. ADV increased its holdings in Netflix by 50.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 495 shares of the Internet television network’s stock valued at $185,000 after purchasing an additional 166 shares during the last quarter. Arden Trust Co increased its holdings in Netflix by 31.8% in the 1st quarter. Arden Trust Co now owns 2,478 shares of the Internet television network’s stock valued at $928,000 after purchasing an additional 598 shares during the last quarter. Allworth Financial LP increased its holdings in Netflix by 31.1% in the 1st quarter. Allworth Financial LP now owns 8,011 shares of the Internet television network’s stock valued at $3,001,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in Netflix by 35.4% in the 1st quarter. Truist Financial Corp now owns 98,862 shares of the Internet television network’s stock valued at $37,032,000 after purchasing an additional 25,874 shares during the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.

Netflix Trading Down 0.7 %

NASDAQ NFLX opened at $227.44 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $101.14 billion, a PE ratio of 20.22, a P/E/G ratio of 1.59 and a beta of 1.34. Netflix, Inc. has a one year low of $162.71 and a one year high of $700.99. The firm’s fifty day moving average is $217.57 and its two-hundred day moving average is $250.51.

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, beating 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 net margin of 16.42% and a return on equity of 30.07%. Netflix’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 earnings per share. Analysts expect that Netflix, Inc. will post 10.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NFLX shares. Bank of America decreased their price target on shares of Netflix to $196.00 in a research report on Thursday, June 23rd. Robert W. Baird decreased their price target on shares of Netflix from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, July 20th. The Goldman Sachs Group cut shares of Netflix from a “neutral” rating to a “sell” rating and decreased their price target for the company from $265.00 to $186.00 in a research report on Thursday, June 9th. Wolfe Research raised their price target on shares of Netflix from $234.00 to $251.00 and gave the company an “outperform” rating in a research report on Wednesday, July 20th. Finally, Pivotal Research decreased their price target on shares of Netflix from $235.00 to $175.00 and set a “sell” rating for the company in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Hold” and a consensus target price of $308.74.

Netflix Company Profile

(Get Rating)

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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