RMR Wealth Builders Takes Position in Netflix, Inc. (NASDAQ:NFLX)

RMR Wealth Builders acquired a new stake in Netflix, Inc. (NASDAQ:NFLX – Get Rating) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,119 shares of the Internet television network’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gould Capital LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $26,000. Tevis Investment Management increased its stake in shares of Netflix by 133.3% in the 2nd quarter. Tevis Investment Management now owns 175 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Netflix by 20,000.0% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 201 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 200 shares during the period. Truvestments Capital LLC acquired a new position in shares of Netflix during the 2nd quarter valued at about $37,000. Finally, Cyrus J. Lawrence LLC purchased a new stake in shares of Netflix in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. New Street Research began coverage on shares of Netflix in a report on Wednesday, January 4th. They issued a “neutral” rating and a $304.00 target price on the stock. Moffett Nathanson increased their price objective on Netflix from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, January 20th. Daiwa Capital Markets upgraded Netflix from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $226.00 to $330.00 in a research report on Tuesday, October 25th. Oppenheimer increased their price target on Netflix from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Friday, January 20th. Finally, UBS Group boosted their price objective on shares of Netflix from $250.00 to $350.00 in a report on Tuesday, January 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Hold” and an average price target of $342.36.

Netflix Stock Performance

Shares of NFLX opened at $350.76 on Wednesday. The firm has a market cap of $156.21 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. The company’s 50 day simple moving average is $313.94 and its 200-day simple moving average is $269.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12-month low of $162.71 and a 12-month high of $451.98.

Netflix (NASDAQ:NFLX – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.06%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.85 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 11.13 EPS for the current year.

Netflix Company Profile

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Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following business segments: Domestic Streaming, International Streaming and Domestic DVD.