Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. decreased its holdings in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,598 shares of the Internet television network’s stock after selling 116 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Netflix were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CapWealth Advisors LLC acquired a new position in shares of Netflix during the first quarter worth $2,949,000. Creative Financial Designs Inc. ADV grew its stake 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 in the last quarter. Gabelli Funds LLC grew its stake in shares of Netflix by 3.6% during the first quarter. Gabelli Funds LLC now owns 95,567 shares of the Internet television network’s stock worth $35,798,000 after purchasing an additional 3,300 shares in the last quarter. Arden Trust Co grew its stake 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 in the last quarter. Finally, Allworth Financial LP grew its stake 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 in the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Piper Sandler boosted their target price on shares of Netflix from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Credit Suisse Group decreased their price objective on shares of Netflix from $350.00 to $263.00 and set a “neutral” rating for the company 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 objective for the company. in a research note on Tuesday, June 14th. Finally, Truist Financial decreased their price objective on shares of Netflix from $300.00 to $210.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.74.

Netflix Stock Up 2.7 %

NFLX stock opened at $224.12 on Thursday. The company’s 50 day simple moving average is $220.42 and its 200-day simple moving average is $246.40. The firm has a market capitalization of $99.67 billion, a PE ratio of 19.92, a P/E/G ratio of 1.62 and a beta of 1.34. Netflix, Inc. has a 12 month low of $162.71 and a 12 month 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.

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, beating the consensus estimate of $2.96 by $0.24. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 earnings per share. Equities analysts expect that Netflix, Inc. will post 10.04 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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