Mather Group LLC. increased its holdings in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,626 shares of the Internet television network’s stock after purchasing an additional 456 shares during the period. Mather Group LLC.’s holdings in Netflix were worth $984,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in NFLX. Icapital Wealth LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $25,000. Lloyd Advisory Services LLC. raised its holdings in shares of Netflix by 2,075.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 87 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 83 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $33,000. Mascoma Wealth Management LLC bought a new position in shares of Netflix during the 1st quarter valued at approximately $34,000. Finally, City State Bank bought a new position in shares of Netflix during the 4th quarter valued at approximately $35,000. 75.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on NFLX shares. Barclays cut their price objective on Netflix from $275.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 6th. Pivotal Research decreased their price objective on Netflix from $235.00 to $175.00 and set a “sell” rating for the company in a research note on Wednesday, July 20th. Jefferies Financial Group decreased their price objective on Netflix from $243.00 to $230.00 in a research note on Wednesday. Bank of America decreased their price objective on Netflix to $196.00 in a research note on Thursday, June 23rd. Finally, Wedbush upgraded Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price objective for the company in a research note on Monday, May 16th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Hold” and a consensus target price of $308.74.
Netflix Trading Down 0.7 %
Netflix (NASDAQ:NFLX – Get Rating) last issued its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.24. The business 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. Analysts anticipate that Netflix, Inc. will post 10.03 earnings per share for the current year.
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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