OppenheimerFunds Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,723 shares of the Internet television network’s stock after purchasing an additional 1,124 shares during the period. OppenheimerFunds Inc.’s holdings in Netflix were worth $1,675,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Balentine LLC grew its holdings in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. Crewe Advisors LLC bought a new stake in Netflix in the fourth quarter valued at $149,000. Goodman Financial Corp bought a new stake in Netflix in the fourth quarter valued at $163,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Netflix in the third quarter valued at $171,000. Hedge funds and other institutional investors own 81.64% of the company’s stock.
Several analysts recently weighed in on NFLX shares. MKM Partners lifted their price target on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wedbush set a $93.00 price target on shares of Netflix and gave the company a “sell” rating in a report on Friday, January 19th. Goldman Sachs Group set a $315.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Friday, January 19th. Bank of America lifted their price target on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Macquarie upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix has a consensus rating of “Buy” and an average target price of $244.79.
Netflix, Inc. (NASDAQ:NFLX) opened at $315.88 on Wednesday. Netflix, Inc. has a 52-week low of $138.66 and a 52-week high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $139,427.63, a PE ratio of 252.70, a price-to-earnings-growth ratio of 4.41 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. Netflix’s revenue was up 32.6% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 2.73 earnings per share for the current year.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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