Money Concepts Capital Corp lowered its position in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 71.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270 shares of the Internet television network's stock after selling 682 shares during the period. Money Concepts Capital Corp's holdings in Netflix were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Icapital Wealth LLC acquired a new stake in shares of Netflix during the 1st quarter valued at approximately $25,000. Avondale Wealth Management lifted its position in shares of Netflix by 483.3% during the 2nd quarter. Avondale Wealth Management now owns 175 shares of the Internet television network's stock valued at $31,000 after acquiring an additional 145 shares during the period. Lloyd Advisory Services LLC. lifted its position in shares of Netflix by 2,075.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 87 shares of the Internet television network's stock valued at $33,000 after acquiring an additional 83 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of Netflix during the 1st quarter valued at approximately $33,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.52% of the company's stock.
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NASDAQ:NFLX opened at $235.44 on Monday. Netflix, Inc. has a twelve month low of $162.71 and a twelve 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 has a market capitalization of $104.70 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.67 and a beta of 1.34. The firm's fifty day simple moving average is $231.40 and its 200 day simple moving average is $234.14.
Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.30. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same quarter in the previous year, the business posted $2.97 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 10.03 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Netflix to $196.00 in a research report on Thursday, June 23rd. Wolfe Research raised their price objective 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. Stifel Nicolaus raised shares of Netflix from a "hold" rating to a "buy" rating and raised their price objective for the stock from $240.00 to $250.00 in a research note on Wednesday, July 20th. Societe Generale dropped their price objective on shares of Netflix from $330.00 to $170.00 and set a "sell" rating for the company in a research note on Tuesday, June 14th. Finally, Evercore ISI raised shares of Netflix from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $245.00 to $300.00 in a research note on Thursday, September 15th. Six 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's stock. According to data from MarketBeat.com, Netflix has an average rating of "Hold" and a consensus price target of $307.51.
About Netflix
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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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