Riverbridge Partners LLC Has $21.61 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)
Riverbridge Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,788 shares of the Internet television network’s stock after acquiring an additional 217 shares during the period. Riverbridge Partners LLC’s holdings in Netflix were worth $21,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Maverick Capital Ltd. raised its stake in shares of Netflix by 695.9% in the third quarter. Maverick Capital Ltd. now owns 522,778 shares of the Internet television network’s stock valued at $139,906,000 after purchasing an additional 457,098 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Netflix by 106.0% during the third quarter. Sunbelt Securities Inc. now owns 6,356 shares of the Internet television network’s stock worth $1,701,000 after buying an additional 3,271 shares in the last quarter. RMB Capital Management LLC increased its holdings in Netflix by 9.2% in the 2nd quarter. RMB Capital Management LLC now owns 1,073 shares of the Internet television network’s stock valued at $394,000 after buying an additional 90 shares during the period. Bath Savings Trust Co bought a new stake in Netflix in the 4th quarter valued at $211,000. Finally, GVO Asset Management Ltd bought a new stake in Netflix in the 3rd quarter valued at $2,409,000. 80.80% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. Citigroup downgraded shares of Netflix from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $410.00 to $325.00 in a report on Tuesday, December 3rd. Loop Capital lowered their target price on shares of Netflix to $415.00 in a research note on Thursday, October 17th. Guggenheim dropped their price target on shares of Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. KeyCorp restated a “hold” rating on shares of Netflix in a research note on Monday, December 2nd. Finally, Macquarie downgraded Netflix from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $375.00 to $325.00 in a report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has a consensus rating of “Hold” and a consensus price target of $373.29.
NFLX traded down $0.23 during midday trading on Tuesday, hitting $338.69. The company had a trading volume of 7,163,513 shares, compared to its average volume of 5,390,716. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $148.05 billion, a PE ratio of 126.38, a P/E/G ratio of 2.01 and a beta of 1.28. Netflix, Inc. has a twelve month low of $252.28 and a twelve month high of $385.99. The firm’s 50-day simple moving average is $319.73 and its 200-day simple moving average is $308.42.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the company posted $0.89 EPS. Netflix’s revenue was up 31.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.33 EPS for the current fiscal 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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