Congress Park Capital LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 89.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,031 shares of the Internet television network's stock after acquiring an additional 960 shares during the quarter. Congress Park Capital LLC's holdings in Netflix were worth $355,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GraniteShares Advisors LLC raised its position in Netflix by 8.2% during the second quarter. GraniteShares Advisors LLC now owns 2,758 shares of the Internet television network's stock valued at $482,000 after purchasing an additional 209 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Netflix during the second quarter valued at about $302,000. Benchmark Financial Wealth Advisors LLC raised its position in Netflix by 136.3% during the second quarter. Benchmark Financial Wealth Advisors LLC now owns 1,418 shares of the Internet television network's stock valued at $248,000 after purchasing an additional 818 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its position in Netflix by 11.1% during the second quarter. Brandywine Oak Private Wealth LLC now owns 1,570 shares of the Internet television network's stock valued at $274,000 after purchasing an additional 157 shares in the last quarter. Finally, Argus Investors Counsel Inc. raised its position in Netflix by 70.0% during the second quarter. Argus Investors Counsel Inc. now owns 8,309 shares of the Internet television network's stock valued at $1,453,000 after purchasing an additional 3,420 shares in the last quarter. Hedge funds and other institutional investors own 75.52% of the company's stock.
Get Netflix alerts:Wall Street Analysts Forecast Growth
NFLX has been the topic of a number of research reports. The Goldman Sachs Group downgraded Netflix from a "neutral" rating to a "sell" rating and lowered their price target for the company from $265.00 to $186.00 in a research report on Thursday, June 9th. Stifel Nicolaus raised Netflix from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $250.00 in a research note on Wednesday, July 20th. Societe Generale reduced their price objective on Netflix from $330.00 to $170.00 and set a "sell" rating on the stock in a research note on Tuesday, June 14th. Piper Sandler raised their price objective on Netflix from $210.00 to $215.00 and gave the company a "neutral" rating in a research note on Wednesday, July 20th. Finally, Truist Financial reduced their price objective on Netflix from $300.00 to $210.00 and set a "hold" rating on the stock in a research note on Thursday, June 30th. Six investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Hold" and a consensus target price of $307.51.
Netflix Stock Up 0.9 %
Shares of NFLX stock traded up $2.06 during trading hours on Monday, hitting $237.50. 129,069 shares of the company's stock traded hands, compared to its average volume of 10,667,278. The stock's fifty day simple moving average is $231.40 and its two-hundred day simple moving average is $234.14. Netflix, Inc. has a 12-month low of $162.71 and a 12-month high of $700.99. The stock has a market cap of $105.62 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.64 and a beta of 1.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.Netflix (NASDAQ:NFLX – Get Rating) last released its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.03 billion. During the same period last year, the business earned $2.97 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 10.03 EPS for the current year.
Netflix 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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