Apriem Advisors trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,181 shares of the Internet television network’s stock after selling 406 shares during the period. Apriem Advisors’ holdings in Netflix were worth $584,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. State of Tennessee Treasury Department grew its position in Netflix by 6.0% in the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock valued at $78,457,000 after acquiring an additional 16,622 shares in the last quarter. Usca Ria LLC grew its position in Netflix by 6.8% in the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after acquiring an additional 130 shares in the last quarter. Regal Investment Advisors LLC grew its position in Netflix by 44.5% in the 4th quarter. Regal Investment Advisors LLC now owns 783 shares of the Internet television network’s stock valued at $210,000 after acquiring an additional 241 shares in the last quarter. Cabot Wealth Management Inc. acquired a new position in Netflix in the 4th quarter valued at about $1,578,000. Finally, Primecap Management Co. CA grew its position in Netflix by 14.1% in the 3rd quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after acquiring an additional 8,700 shares in the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.
NFLX has been the subject of several research reports. Morgan Stanley lifted their target price on Netflix from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $480.00 price objective (up previously from $450.00) on shares of Netflix in a research note on Friday, January 18th. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 price objective on shares of Netflix in a research note on Friday, January 18th. Macquarie set a $375.00 price objective on Netflix and gave the company a “buy” rating in a research note on Friday, January 18th. Finally, Barclays reiterated a “buy” rating and issued a $375.00 price objective on shares of Netflix in a research note on Wednesday, January 16th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average price target of $375.75.
NFLX stock opened at $366.23 on Tuesday. The company has a market cap of $157.62 billion, a P/E ratio of 136.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two 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 posted its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm 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 firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 4.05 earnings per share for the current fiscal year.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. 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.
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