Netflix, Inc. (NASDAQ:NFLX) Position Increased by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 34.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,345 shares of the Internet television network’s stock after purchasing an additional 20,487 shares during the period. Netflix comprises 3.9% of Traynor Capital Management Inc.’s portfolio, making the stock its 5th largest position. Traynor Capital Management Inc.’s holdings in Netflix were worth $30,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Icapital Wealth LLC bought a new stake in shares of Netflix in the 1st quarter worth about $25,000. Sageworth Trust Co acquired a new position in Netflix in the fourth quarter worth about $29,000. Andrew Hill Investment Advisors Inc. bought a new stake in Netflix in the fourth quarter valued at about $30,000. Field & Main Bank bought a new position in Netflix during the 4th quarter worth approximately $30,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Netflix in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

NASDAQ:NFLX opened at $178.89 on Thursday. The business’s fifty day moving average price is $201.78 and its 200 day moving average price is $365.53. The firm has a market capitalization of $79.48 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.89 and a beta of 1.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.83. Netflix, Inc. has a 1-year low of $162.71 and a 1-year high of $700.99.

Netflix (NASDAQ:NFLX – Get Rating) last issued its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.61. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.75 EPS. Equities analysts forecast that Netflix, Inc. will post 10.93 earnings per share for the current year.

A number of analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of Netflix from $525.00 to $300.00 and set an “in-line” rating on the stock in a report on Wednesday, April 20th. Guggenheim dropped their price objective on shares of Netflix from $350.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. Canaccord Genuity Group decreased their target price on Netflix from $600.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Robert W. Baird dropped their price target on Netflix from $420.00 to $260.00 in a research report on Wednesday, April 20th. Finally, StockNews.com started coverage on Netflix in a research report on Thursday, March 31st. They set a “hold” rating for the company. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $360.54.

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.

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