Clear Perspective Advisors LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 32.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the Internet television network’s stock after selling 575 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Netflix were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Viridian Ria LLC raised its position in Netflix by 12.6% during the third quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock valued at $1,532,000 after acquiring an additional 459 shares in the last quarter. Primecap Management Co. CA grew its holdings in Netflix by 14.1% during the third quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after purchasing an additional 8,700 shares during the last quarter. New England Research & Management Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $257,000. Shufro Rose & Co. LLC acquired a new position in Netflix during the third quarter valued at approximately $441,000. Finally, Brown Advisory Inc. grew its holdings in Netflix by 9.5% during the third quarter. Brown Advisory Inc. now owns 4,850 shares of the Internet television network’s stock valued at $1,815,000 after purchasing an additional 421 shares during the last quarter. 74.01% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on NFLX shares. Citigroup lowered their price target on Netflix and set a “neutral” rating on the stock in a report on Monday, October 15th. Loop Capital increased their price target on Netflix from $365.00 to $385.00 in a report on Wednesday, October 17th. Wedbush reiterated a “sell” rating and set a $150.00 price target on shares of Netflix in a report on Monday, January 14th. Nomura set a $370.00 price target on Netflix and gave the company a “neutral” rating in a report on Monday, October 29th. Finally, Morningstar set a $120.00 price target on Netflix and gave the company a “sell” rating in a report on Monday, October 29th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $376.33.
Shares of NASDAQ NFLX opened at $347.57 on Monday. The firm has a market cap of $151.75 billion, a price-to-earnings ratio of 129.69, a P/E/G ratio of 2.88 and a beta of 1.38. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 4.03 earnings per share for the current year.
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Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
Further Reading: Hedge Funds – Risk or Reward?
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