Neumann Capital Management LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Neumann Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 23.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,113 shares of the Internet television network’s stock after purchasing an additional 213 shares during the quarter. Neumann Capital Management LLC’s holdings in Netflix were worth $417,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Netflix by 8.1% during the 4th quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet television network’s stock worth $17,605,636,000 after purchasing an additional 2,179,427 shares during the period. State Street Corp grew its position in Netflix by 1.8% in the fourth quarter. State Street Corp now owns 16,477,179 shares of the Internet television network’s stock valued at $9,926,512,000 after acquiring an additional 299,165 shares in the last quarter. Capital World Investors raised its stake in shares of Netflix by 0.4% during the fourth quarter. Capital World Investors now owns 13,268,607 shares of the Internet television network’s stock valued at $7,993,623,000 after purchasing an additional 50,911 shares during the period. Geode Capital Management LLC lifted its position in shares of Netflix by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 7,192,197 shares of the Internet television network’s stock worth $4,320,858,000 after purchasing an additional 209,346 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Netflix by 6.2% in the fourth quarter. Jennison Associates LLC now owns 6,643,284 shares of the Internet television network’s stock valued at $4,002,180,000 after purchasing an additional 385,522 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock traded down $5.54 during midday trading on Tuesday, reaching $227.95. 107,621 shares of the company were exchanged, compared to its average volume of 13,530,174. Netflix, Inc. has a 12 month low of $162.71 and a 12 month high of $700.99. The company has a market cap of $101.37 billion, a P/E ratio of 20.75, a PEG ratio of 1.57 and a beta of 1.36. The company’s 50 day moving average price is $195.62 and its two-hundred day moving average price is $275.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.24. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. During the same period in the previous year, the firm earned $2.97 EPS. Netflix’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 10.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. Stifel Nicolaus raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $250.00 in a research note on Wednesday, July 20th. The Goldman Sachs Group downgraded shares of Netflix from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $265.00 to $186.00 in a research note on Thursday, June 9th. Robert W. Baird dropped their price target on shares of Netflix from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 20th. Benchmark downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $157.00 price target on the stock. in a research note on Tuesday, June 14th. Finally, DZ Bank downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $280.00 price target on the stock. in a research note on Thursday, April 21st. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Hold” and a consensus target price of $323.92.

Netflix Company 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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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