Interactive Financial Advisors Purchases Shares of 976 Netflix, Inc. (NFLX)
Interactive Financial Advisors purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 976 shares of the Internet television network’s stock, valued at approximately $187,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Netflix during the second quarter valued at about $1,045,000. Lincoln National Corp raised its holdings in shares of Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 268 shares during the period. BB&T Corp raised its holdings in shares of Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after purchasing an additional 642 shares during the period. Mizuho Securities USA LLC acquired a new position in shares of Netflix during the third quarter valued at about $9,793,000. Finally, AGF Investments Inc. acquired a new position in shares of Netflix during the third quarter valued at about $60,036,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on NFLX shares. Bank of America upped their price objective on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group set a $250.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a report on Monday, November 20th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, CIBC restated an “outperform” rating and issued a $245.00 target price (up previously from $215.00) on shares of Netflix in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $213.56.
Netflix, Inc. (NASDAQ:NFLX) traded up $0.13 during trading on Monday, hitting $220.46. 10,548,500 shares of the stock were exchanged, compared to its average volume of 8,272,692. Netflix, Inc. has a 1 year low of $137.03 and a 1 year high of $226.07. The company has a market cap of $98,480.00, a P/E ratio of 222.69, a P/E/G ratio of 3.56 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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