Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Emerson Point Capital LP

Emerson Point Capital LP lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 78.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,037 shares of the Internet television network’s stock after selling 28,583 shares during the quarter. Netflix comprises about 0.6% of Emerson Point Capital LP’s investment portfolio, making the stock its 26th biggest position. Emerson Point Capital LP’s holdings in Netflix were worth $3,011,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CapWealth Advisors LLC acquired a new stake in Netflix during the 1st quarter valued at $2,949,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Netflix by 50.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 495 shares of the Internet television network’s stock worth $185,000 after purchasing an additional 166 shares during the last quarter. Arden Trust Co boosted its holdings in shares of Netflix by 31.8% during the first quarter. Arden Trust Co now owns 2,478 shares of the Internet television network’s stock worth $928,000 after purchasing an additional 598 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Netflix by 31.1% during the first quarter. Allworth Financial LP now owns 8,011 shares of the Internet television network’s stock worth $3,001,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Netflix by 35.4% during the first quarter. Truist Financial Corp now owns 98,862 shares of the Internet television network’s stock worth $37,032,000 after purchasing an additional 25,874 shares during the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.

Netflix Stock Up 1.3 %

NASDAQ:NFLX opened at $236.53 on Tuesday. The company has a market capitalization of $105.19 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. Netflix, Inc. has a one year low of $162.71 and a one year high of $700.99. The stock has a 50-day simple moving average of $218.64 and a 200 day simple moving average of $247.69. 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 posted 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. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $2.97 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 10.04 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Wolfe Research raised their price objective on Netflix from $234.00 to $251.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Truist Financial decreased their price objective on Netflix from $300.00 to $210.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Stifel Nicolaus raised Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $250.00 in a research report on Wednesday, July 20th. The Goldman Sachs Group lowered Netflix from a “neutral” rating to a “sell” rating and cut their target price for the stock from $265.00 to $186.00 in a research report on Thursday, June 9th. Finally, Pivotal Research cut their target price on Netflix from $235.00 to $175.00 and set a “sell” rating on the stock in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $308.74.

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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