Rhumbline Advisers Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rhumbline Advisers boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 664,702 shares of the Internet television network’s stock after acquiring an additional 15,610 shares during the period. Netflix comprises 0.5% of Rhumbline Advisers’ portfolio, making the stock its 29th largest holding. Rhumbline Advisers owned approximately 0.15% of Netflix worth $400,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. L2 Asset Management LLC acquired a new position in Netflix during the fourth quarter worth about $377,000. SWM Advisors acquired a new position in Netflix during the fourth quarter worth about $379,000. Dakota Wealth Management raised its position in Netflix by 6.2% during the fourth quarter. Dakota Wealth Management now owns 1,948 shares of the Internet television network’s stock worth $1,173,000 after acquiring an additional 113 shares during the last quarter. Rational Advisors LLC raised its position in Netflix by 352.0% during the fourth quarter. Rational Advisors LLC now owns 8,000 shares of the Internet television network’s stock worth $4,820,000 after acquiring an additional 6,230 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of Netflix by 9.5% in the fourth quarter. Independent Wealth Network Inc. now owns 440 shares of the Internet television network’s stock valued at $265,000 after buying an additional 38 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

NFLX has been the subject of a number of analyst reports. UBS Group lowered shares of Netflix from a “buy” rating to a “neutral” rating and set a $355.00 price objective for the company. in a research report on Wednesday, April 20th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Friday, January 21st. Needham & Company LLC raised shares of Netflix from an “underperform” rating to a “hold” rating in a research report on Wednesday, April 20th. Evercore ISI cut their price objective on shares of Netflix from $525.00 to $300.00 and set an “in-line” rating for the company in a research report on Wednesday, April 20th. Finally, The Goldman Sachs Group cut their price objective on shares of Netflix from $420.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $386.31.

Shares of NFLX stock traded up $13.33 on Friday, hitting $187.64. The stock had a trading volume of 13,107,053 shares, compared to its average volume of 23,683,548. The firm has a market capitalization of $83.36 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 0.87 and a beta of 1.28. The stock’s 50 day moving average is $302.23 and its 200-day moving average is $458.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.05. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.61. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.75 earnings per share. Equities analysts expect that Netflix, Inc. will post 10.88 earnings per share for the current year.

About Netflix (Get Rating)

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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