Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 75.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,322 shares of the Internet television network’s stock after acquiring an additional 569 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Netflix were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Icapital Wealth LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $25,000. Avondale Wealth Management raised its position in Netflix by 483.3% in the second quarter. Avondale Wealth Management now owns 175 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Lloyd Advisory Services LLC. lifted its stake in shares of Netflix by 2,075.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 87 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 83 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Netflix during the 1st quarter worth $33,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Netflix Trading Up 0.1 %

Shares of Netflix stock opened at $237.05 on Friday. The firm has a market cap of $105.42 billion, a PE ratio of 21.07, a P/E/G ratio of 1.65 and a beta of 1.34. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $700.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $228.35 and a 200-day moving average price of $240.66.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.30. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.03 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 10.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NFLX shares. UBS Group decreased their target price on shares of Netflix from $355.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, July 15th. Credit Suisse Group lowered their price objective on shares of Netflix from $350.00 to $263.00 and set a “neutral” rating for the company in a research report on Wednesday, July 20th. Piper Sandler lifted their target price on shares of Netflix from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 20th. Stifel Nicolaus upgraded Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $250.00 in a research note on Wednesday, July 20th. Finally, Citigroup lifted their price objective on Netflix from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, September 16th. Six investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Hold” and an average price target of $305.67.

Netflix Profile

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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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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