Carnegie Capital Asset Management LLC increased its equity stake in Netflix, Inc. (NASDAQ: NFLX – Get a rating) by 6.2% during the first quarter, Holdings Channel.com reports. The fund held 905 shares of the internet television network after buying an additional 53 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Netflix were worth $339,000 when it last filed with the SEC.
Other large investors have also increased or reduced their stake in the company. Wealth Architects LLC increased its stake in Netflix shares by 2.6% during the fourth quarter. Wealth Architects LLC now owns 830 shares of the Internet TV network worth $500,000 after purchasing 21 additional shares during the period. JGP Wealth Management LLC increased its stake in Netflix by 4.1% in the fourth quarter. JGP Wealth Management LLC now owns 562 shares of the Internet TV network worth $319,000 after acquiring 22 additional shares during the period. MV Capital Management Inc. increased its stake in Netflix by 19.8% in the fourth quarter. MV Capital Management Inc. now owns 145 shares of the Internet TV network worth $87,000 after acquiring 24 additional shares during the period. Pinnacle Bancorp Inc. increased its stake in Netflix by 45.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 80 shares of the Internet TV network worth $48,000 after acquiring 25 additional shares during the period. Finally, Sound View Wealth Advisors Group LLC increased its stake in Netflix by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,623 shares of the Internet TV network worth $978,000 after acquiring 25 additional shares during the period. 80.97% of the shares are currently held by institutional investors and hedge funds.
NFLX has been the subject of a number of research analyst reports. Stifel Nicolaus lowered his price target on Netflix from $300.00 to $240.00 in a research note on Tuesday. Canaccord Genuity Group lowered its price target on Netflix from $600.00 to $400.00 and set a “buy” rating for the company in a Wednesday, April 20 research note. Needham & Company LLC upgraded Netflix from an “underperforming” rating to a “maintaining” rating in a Wednesday, April 20 research note. Credit Suisse Group reduced its price target on Netflix from $450.00 to $350.00 and set a “neutral” rating for the company in a Wednesday, April 20 report. Finally, Cowen reduced its price target on Netflix from $590.00 to $325.00 and set an “outperform” rating for the company in a Wednesday, April 20 report. Six analysts rated the stock with a sell rating, twenty-four gave the company a hold rating and twelve gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $357.87.
Shares of NASDAQ: NFLX opened at $190.85 on Friday. The stock has a market capitalization of $84.79 billion, a price-earnings ratio of 17.32, a PEG ratio of 0.93 and a beta of 1.28. The company has a debt ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day simple moving average is $195.58 and its two-hundred-day simple moving average is $359.52. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $700.99.
Netflix (NASDAQ: NFLX – Get a rating) last announced its results on Tuesday, April 19. The Internet TV network reported earnings per share (EPS) of $3.53 for the quarter, beating the consensus estimate of $2.92 by $0.61. The company posted revenue of $7.87 billion for the quarter, versus $7.94 billion expected by analysts. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The company’s revenue for the quarter increased 9.8% year over year. During the same period last year, the company posted earnings per share of $3.75. As a group, stock analysts expect Netflix, Inc. to post earnings per share of 10.93 for the current fiscal year.
About Netflix (Get a rating)
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and mobile games in different genres and languages. The company offers its members the ability to receive streaming content through a multitude of Internet-connected devices, including televisions, digital video players, television set-top boxes, and mobile devices.
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