Brookstone Capital Management Has $1.28 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Brookstone Capital Management lessened its stake in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 27.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,824 shares of the Internet television network’s stock after selling 2,561 shares during the quarter. Brookstone Capital Management’s holdings in Netflix were worth $1,276,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Netflix in the 4th quarter valued at $2,612,150,000. Pershing Square Capital Management L.P. bought a new stake in Netflix in the 1st quarter valued at $1,164,962,000. Loomis Sayles & Co. L P raised its stake in Netflix by 526,574.6% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,107,380 shares of the Internet television network’s stock valued at $1,163,993,000 after acquiring an additional 3,106,790 shares during the period. Polen Capital Management LLC increased its position in Netflix by 85.7% during the 1st quarter. Polen Capital Management LLC now owns 5,005,530 shares of the Internet television network’s stock worth $1,875,021,000 after buying an additional 2,310,617 shares during the period. Finally, BlackRock Inc. increased its position in 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 buying an additional 2,179,427 shares during the period. Institutional investors and hedge funds own 75.52% of the company’s stock.

Netflix Trading Down 2.5 %

NASDAQ NFLX opened at $236.87 on Thursday. The company has a market cap of $105.34 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.69 and a beta of 1.34. Netflix, Inc. has a 52 week low of $162.71 and a 52 week high of $700.99. The business has a 50 day moving average price of $227.10 and a 200-day moving average price of $241.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.30. The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. Netflix’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, equities analysts expect that Netflix, Inc. will post 10.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NFLX shares. Bank of America lowered their price objective on Netflix to $196.00 in a research report on Thursday, June 23rd. Cfra cut Netflix from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $245.00 to $238.00 in a research report on Monday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Netflix from $300.00 to $270.00 in a research report on Wednesday, July 20th. Societe Generale decreased their price target on Netflix from $330.00 to $170.00 and set a “sell” rating on the stock in a research report on Tuesday, June 14th. Finally, JPMorgan Chase & Co. raised their price target on Netflix from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $305.67.

Netflix 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.

Featured Stories

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXGet Rating).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.