Psagot Value Holdings Ltd. Israel Purchases 1,119 Shares of Netflix, Inc. (NASDAQ:NFLX)

Psagot Value Holdings Ltd. Israel lifted its position in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 31.6% in the first quarter, HoldingsChannel.com reports. The fund owned 4,665 shares of the Internet television network’s stock after buying an additional 1,119 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in Netflix were worth $1,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Icapital Wealth LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $25,000. Lloyd Advisory Services LLC. lifted 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 during the period. GoalVest Advisory LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $33,000. Mascoma Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $34,000. Finally, City State Bank bought a new stake in shares of Netflix during the 4th quarter worth approximately $35,000. Institutional investors own 75.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Netflix from $300.00 to $270.00 in a research report on Wednesday, July 20th. Wedbush upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price objective for the company in a research report on Monday, May 16th. Pivotal Research lowered their price objective 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. Citigroup lowered their price objective 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. Finally, Evercore ISI lowered their price objective on shares of Netflix from $300.00 to $245.00 and set an “in-line” rating for the company in a research report on Thursday, July 7th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $308.74.

Netflix Stock Performance

NASDAQ NFLX opened at $233.57 on Friday. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $700.99. The company has a 50-day simple moving average of $218.64 and a 200 day simple moving average of $249.51. 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 company has a market capitalization of $103.87 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34.

Netflix (NASDAQ:NFLXGet Rating) last posted 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 firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $2.97 earnings per share. On average, research analysts predict that Netflix, Inc. will post 10.04 EPS 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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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