Netflix, Inc. (NASDAQ:NFLX) Position Raised by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 15.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,505 shares of the Internet television network’s stock after buying an additional 1,307 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Netflix were worth $3,560,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Icapital Wealth LLC acquired a new position in Netflix in the first quarter worth approximately $25,000. Sageworth Trust Co acquired a new position in Netflix in the fourth quarter worth approximately $29,000. Andrew Hill Investment Advisors Inc. acquired a new position in Netflix in the fourth quarter worth approximately $30,000. Field & Main Bank acquired a new position in Netflix in the fourth quarter worth approximately $30,000. Finally, Paragon Capital Management Ltd purchased a new position in Netflix during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Shares of Netflix stock opened at $178.89 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $79.48 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.89 and a beta of 1.28. Netflix, Inc. has a 1-year low of $162.71 and a 1-year high of $700.99. The firm’s 50-day moving average price is $201.78 and its two-hundred day moving average price is $365.53.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.61. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.75 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 10.93 EPS for the current year.

Several research firms have weighed in on NFLX. Truist Financial lowered their price objective on shares of Netflix from $409.00 to $300.00 in a research report on Wednesday, April 20th. Needham & Company LLC upgraded shares of Netflix from an “underperform” rating to a “hold” rating in a research report on Wednesday, April 20th. Bank of America cut shares of Netflix from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $605.00 to $300.00 in a research report on Wednesday, April 20th. Rosenblatt Securities began coverage on shares of Netflix in a research report on Tuesday, April 19th. They set a “neutral” rating and a $354.00 price objective on the stock. Finally, Wolfe Research lowered their price objective on shares of Netflix from $497.00 to $261.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Six 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $360.54.

About Netflix (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.

See Also

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.