Invesco Ltd. raised its stake in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 44.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,659,249 shares of the Internet television network’s stock after purchasing an additional 1,131,860 shares during the quarter. Invesco Ltd. owned approximately 0.82% of Netflix worth $1,370,717,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of NFLX. Achmea Investment Management B.V. acquired a new stake in shares of Netflix in the first quarter valued at approximately $8,484,000. PFS Investments Inc. lifted its position in shares of Netflix by 51.6% in the first quarter. PFS Investments Inc. now owns 1,616 shares of the Internet television network’s stock valued at $605,000 after buying an additional 550 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its position in shares of Netflix by 5.1% in the first quarter. Williams Jones Wealth Management LLC. now owns 22,708 shares of the Internet television network’s stock valued at $8,506,000 after buying an additional 1,098 shares during the last quarter. Saber Capital Managment LLC lifted its position in shares of Netflix by 35.0% in the first quarter. Saber Capital Managment LLC now owns 54,296 shares of the Internet television network’s stock valued at $20,339,000 after buying an additional 14,066 shares during the last quarter. Finally, Fort Point Capital Partners LLC lifted its position in shares of Netflix by 2.1% in the first quarter. Fort Point Capital Partners LLC now owns 6,813 shares of the Internet television network’s stock valued at $2,552,000 after buying an additional 141 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on NFLX. Citigroup cut their price objective on Netflix from $295.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Wolfe Research lifted their price target on Netflix from $234.00 to $251.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. UBS Group dropped their price target on Netflix from $355.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, July 15th. Guggenheim dropped their price target on Netflix from $350.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $308.74.
Netflix Trading Up 2.7 %
NASDAQ NFLX opened at $233.57 on Friday. The business’s 50-day moving average price is $218.64 and its two-hundred day moving average price is $249.51. Netflix, Inc. has a 12 month low of $162.71 and a 12 month high of $700.99. The firm has a market capitalization of $103.87 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75.
Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings results 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. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same quarter in the previous year, the company posted $2.97 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 10.03 EPS for the current year.
Netflix Company Profile
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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.
Further Reading
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