UMB Bank n.a. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,465 shares of the Internet television network's stock after buying an additional 2,058 shares during the period. UMB Bank n.a.'s holdings in Netflix were worth $2,879,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Harbor Asset Management LLC bought a new position in shares of Netflix during the second quarter valued at about $446,000. Byrne Asset Management LLC raised its stake in shares of Netflix by 109.8% during the second quarter. Byrne Asset Management LLC now owns 430 shares of the Internet television network's stock valued at $75,000 after acquiring an additional 225 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Netflix by 10.7% during the second quarter. Wealthfront Advisers LLC now owns 32,365 shares of the Internet television network's stock valued at $5,660,000 after acquiring an additional 3,137 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Netflix by 42.1% during the second quarter. Exchange Traded Concepts LLC now owns 4,742 shares of the Internet television network's stock valued at $829,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Peterson Financial Group Inc. raised its stake in shares of Netflix by 25.6% during the second quarter. Peterson Financial Group Inc. now owns 3,922 shares of the Internet television network's stock valued at $686,000 after acquiring an additional 800 shares during the last quarter. 75.52% of the stock is owned by institutional investors.
Get Netflix alerts:Netflix Trading Down 1.8 %
Shares of NFLX stock opened at $235.44 on Friday. Netflix, Inc. has a 12-month low of $162.71 and a 12-month high of $700.99. 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 firm's 50 day moving average is $231.40 and its 200 day moving average is $235.10. The stock has a market capitalization of $104.70 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.67 and a beta of 1.34.
Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.30. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. During the same period last year, the firm earned $2.97 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 10.03 earnings per share for the current year.Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered their price objective on shares of Netflix from $243.00 to $230.00 in a research note on Wednesday, September 7th. Evercore ISI raised shares of Netflix from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $245.00 to $300.00 in a research note on Thursday, September 15th. Robert W. Baird decreased their price target on shares of Netflix from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, July 20th. Wolfe Research increased their price target on shares of Netflix from $234.00 to $251.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 20th. Finally, Credit Suisse Group decreased their price target 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. Six equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Hold" and an average price target of $307.51.
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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