Horizon Investments LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 17.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,047 shares of the Internet television network’s stock after selling 1,087 shares during the quarter. Horizon Investments LLC’s holdings in Netflix were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of NFLX. Vanguard Group Inc. raised its stake in shares of Netflix by 2.0% during the first quarter. Vanguard Group Inc. now owns 34,238,277 shares of the Internet television network’s stock worth $12,825,316,000 after buying an additional 678,000 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Netflix by 8.1% in the 4th quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet television network’s stock valued at $17,605,636,000 after purchasing an additional 2,179,427 shares during the period. State Street Corp boosted its position in shares of Netflix by 1.8% in the 4th quarter. State Street Corp now owns 16,477,179 shares of the Internet television network’s stock worth $9,926,512,000 after purchasing an additional 299,165 shares during the last quarter. Capital World Investors boosted its position in shares of Netflix by 0.4% in the 4th quarter. Capital World Investors now owns 13,268,607 shares of the Internet television network’s stock worth $7,993,623,000 after purchasing an additional 50,911 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Netflix by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 7,192,197 shares of the Internet television network’s stock valued at $4,320,858,000 after acquiring an additional 209,346 shares during the period. 75.52% of the stock is currently owned by institutional investors.
Netflix Price Performance
Shares of NFLX opened at $233.57 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The stock has a market cap of $103.87 billion, a PE ratio of 20.76, a PEG ratio of 1.62 and a beta of 1.34. Netflix, Inc. has a 12-month low of $162.71 and a 12-month high of $700.99. The business has a 50-day simple moving average of $218.64 and a two-hundred day simple moving average of $247.69.
Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. During the same period last year, the company earned $2.97 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 10.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Barclays decreased their target price on Netflix from $275.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 6th. Cfra cut Netflix from a “hold” rating to a “sell” rating and decreased their price objective for the company from $245.00 to $238.00 in a report on Monday, August 22nd. Wedbush upgraded Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price target for the company in a research note on Monday, May 16th. Atlantic Securities lowered their price target 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 decreased their target price on shares of Netflix from $350.00 to $263.00 and set a “neutral” rating for the company in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $308.74.
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.
Receive News & Ratings for Netflix Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Netflix and related companies with MarketBeat.com’s FREE daily email newsletter.