Circle Wealth Management LLC Buys 432 Shares of Netflix, Inc. (NASDAQ:NFLX)

Circle Wealth Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,301 shares of the Internet television network’s stock after purchasing an additional 432 shares during the quarter. Circle Wealth Management LLC’s holdings in Netflix were worth $1,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Qube Research & Technologies Ltd bought a new position in Netflix during the fourth quarter worth $28,659,000. Acadian Asset Management LLC boosted its position in Netflix by 24.9% during the fourth quarter. Acadian Asset Management LLC now owns 16,287 shares of the Internet television network’s stock worth $9,809,000 after purchasing an additional 3,252 shares during the period. WealthShield Partners LLC bought a new position in Netflix during the fourth quarter worth $237,000. Confluence Wealth Services Inc. bought a new position in Netflix during the fourth quarter worth $595,000. Finally, Independent Wealth Network Inc. boosted its position in shares of Netflix by 9.5% in the fourth quarter. Independent Wealth Network Inc. now owns 440 shares of the Internet television network’s stock valued at $265,000 after acquiring an additional 38 shares during the period. 75.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of Netflix to $196.00 in a research report on Thursday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Citigroup reduced their target price on shares of Netflix from $295.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Cfra cut shares of Netflix from a “hold” rating to a “sell” rating and reduced their target price for the company from $245.00 to $238.00 in a research report on Monday, August 22nd. Finally, Piper Sandler boosted their target price on shares of Netflix from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $308.74.

Netflix Stock Performance

Shares of NFLX stock opened at $233.57 on Friday. The business’s 50 day simple moving average is $218.64 and its 200 day simple moving average is $249.51. Netflix, Inc. has a one year low of $162.71 and a one year high of $700.99. The stock has a market capitalization of $103.87 billion, a PE ratio of 20.76, a PEG ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, beating the consensus estimate of $2.96 by $0.24. The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 10.04 earnings per share for the current year.

About Netflix

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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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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