Sandy Spring Bank boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,615 shares of the Internet television network's stock after acquiring an additional 46 shares during the period. Sandy Spring Bank's holdings in Netflix were worth $282,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in Netflix by 11.2% in the 4th quarter. MML Investors Services LLC now owns 51,854 shares of the Internet television network's stock worth $31,239,000 after purchasing an additional 5,203 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Netflix during the fourth quarter worth $1,175,000. Means Investment CO. Inc. grew its stake in Netflix by 2.9% during the fourth quarter. Means Investment CO. Inc. now owns 1,508 shares of the Internet television network's stock valued at $909,000 after acquiring an additional 42 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Netflix by 8.1% in the 4th quarter. Mackenzie Financial Corp now owns 81,230 shares of the Internet television network's stock valued at $48,936,000 after acquiring an additional 6,077 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its stake in Netflix by 97.0% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 7,384 shares of the Internet television network's stock worth $4,449,000 after purchasing an additional 3,636 shares in the last quarter. Hedge funds and other institutional investors own 75.52% of the company's stock.
Get Netflix alerts:Analysts Set New Price Targets
NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on Netflix from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, July 20th. Bank of America reduced their price objective on Netflix to $196.00 in a research note on Thursday, June 23rd. Wolfe Research increased their target price on Netflix from $234.00 to $251.00 and gave the company an "outperform" rating in a research report on Wednesday, July 20th. Societe Generale reduced their price target on shares of Netflix from $330.00 to $170.00 and set a "sell" rating on the stock in a research report on Tuesday, June 14th. Finally, Piper Sandler increased their price objective on shares of Netflix from $210.00 to $215.00 and gave the company a "neutral" rating in a research report 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, Netflix has an average rating of "Hold" and a consensus target price of $307.51.
Netflix Stock Down 1.8 %
Netflix stock opened at $235.44 on Monday. The business has a fifty day moving average price of $231.40 and a 200-day moving average price of $234.14. Netflix, Inc. has a 1-year low of $162.71 and a 1-year high of $700.99. The stock has a market capitalization of $104.70 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.30. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company's 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. Equities research analysts forecast that Netflix, Inc. will post 10.03 EPS for the current fiscal year.
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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