EverSource Wealth Advisors LLC Has $169,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

EverSource Wealth Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 50.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 454 shares of the Internet television network’s stock after buying an additional 153 shares during the period. EverSource Wealth Advisors LLC’s holdings in Netflix were worth $169,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CapWealth Advisors LLC acquired a new stake in Netflix during the 1st quarter worth approximately $2,949,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Netflix by 50.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 495 shares of the Internet television network’s stock valued at $185,000 after purchasing an additional 166 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Netflix by 3.6% in the first quarter. Gabelli Funds LLC now owns 95,567 shares of the Internet television network’s stock valued at $35,798,000 after purchasing an additional 3,300 shares during the last quarter. Arden Trust Co raised its holdings in shares of Netflix by 31.8% in the first quarter. Arden Trust Co now owns 2,478 shares of the Internet television network’s stock valued at $928,000 after purchasing an additional 598 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Netflix by 31.1% in the first quarter. Allworth Financial LP now owns 8,011 shares of the Internet television network’s stock valued at $3,001,000 after purchasing an additional 1,902 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 2.0 %

Shares of NASDAQ NFLX opened at $240.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The company has a market cap of $106.79 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.56 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 stock has a 50-day moving average price of $222.14 and a two-hundred day moving average price of $245.14.

Netflix (NASDAQ:NFLXGet Rating) last issued its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping the consensus estimate of $2.96 by $0.24. The firm 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 business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 10.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Netflix from $234.00 to $251.00 and gave the company an “outperform” rating in a report on Wednesday, July 20th. Barclays lowered their price objective on shares of Netflix from $275.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 6th. Citigroup lifted their price objective on shares of Netflix from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday. Societe Generale lowered their target price on shares of Netflix from $330.00 to $170.00 and set a “sell” rating on the stock in a report on Tuesday, June 14th. Finally, BMO Capital Markets lowered their target price on shares of Netflix from $405.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, July 14th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $310.92.

Netflix Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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