Dakota Wealth Management raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 24.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,432 shares of the Internet television network’s stock after purchasing an additional 484 shares during the period. Dakota Wealth Management’s holdings in Netflix were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Alternative Capital boosted its holdings in shares of Netflix by 76.5% during the 4th quarter. Core Alternative Capital now owns 60 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 26 shares during the last quarter. Standard Family Office LLC bought a new position in shares of Netflix during the 4th quarter valued at about $40,000. Bivin & Associates Inc. bought a new position in shares of Netflix in the 4th quarter valued at about $42,000. Mystic Asset Management Inc. purchased a new position in Netflix in the fourth quarter worth about $42,000. Finally, Icapital Wealth LLC bought a new stake in Netflix during the first quarter worth approximately $25,000. Institutional investors own 75.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. UBS Group lowered their price objective on Netflix from $355.00 to $198.00 and set a “neutral” rating for the company in a research note on Friday, July 15th. Jefferies Financial Group cut their target price on Netflix from $243.00 to $230.00 in a research report on Wednesday. BMO Capital Markets cut their target price on Netflix from $405.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Atlantic Securities cut their target price on Netflix from $280.00 to $211.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 20th. Finally, Credit Suisse Group cut their target price on Netflix from $350.00 to $263.00 and set a “neutral” rating on the stock in a research 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $308.74.
Netflix Trading Down 0.7 %
Shares of NASDAQ:NFLX opened at $227.44 on Friday. The business’s 50-day moving average is $217.57 and its 200 day moving average is $250.51. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $700.99. The firm has a market capitalization of $101.14 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.52 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:NFLX – Get Rating) last announced its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.24. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same period in the prior year, the company posted $2.97 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 10.03 earnings per share for the current fiscal 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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