Netflix, Inc. (NFLX) Stake Lifted by American National Bank
American National Bank increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,181 shares of the Internet television network’s stock after buying an additional 34 shares during the period. Netflix comprises approximately 1.9% of American National Bank’s investment portfolio, making the stock its 16th largest holding. American National Bank’s holdings in Netflix were worth $6,126,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $27,000. Pearl River Capital LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $30,000. NuWave Investment Management LLC increased its position in shares of Netflix by 338.5% during the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its position in shares of Netflix by 750.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.
A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued a “buy” rating and set a $421.00 price objective on shares of Netflix in a research report on Tuesday, December 18th. SunTrust Banks reissued a “buy” rating and set a $402.00 price objective on shares of Netflix in a research report on Wednesday, March 27th. UBS Group assumed coverage on Netflix in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective for the company. ValuEngine downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. cut their price objective on Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, January 14th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has a consensus rating of “Hold” and a consensus price target of $375.71.
Shares of NFLX opened at $351.14 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $160.52 billion, a PE ratio of 131.02, a P/E/G ratio of 3.08 and a beta of 1.36. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 3.98 EPS for the current year.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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