TCG Advisory Services LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

TCG Advisory Services LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,673 shares of the Internet television network’s stock after buying an additional 42 shares during the period. TCG Advisory Services LLC’s holdings in Netflix were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Payden & Rygel purchased a new position in shares of Netflix during the second quarter valued at approximately $367,000. Rafferty Asset Management LLC lifted its holdings in shares of Netflix by 67.0% during the second quarter. Rafferty Asset Management LLC now owns 54,059 shares of the Internet television network’s stock valued at $9,453,000 after purchasing an additional 21,693 shares during the last quarter. FMR LLC lifted its holdings in shares of Netflix by 4.5% during the second quarter. FMR LLC now owns 16,864,057 shares of the Internet television network’s stock valued at $2,949,018,000 after purchasing an additional 725,384 shares during the last quarter. Circle Wealth Management LLC lifted its holdings in shares of Netflix by 28.2% during the second quarter. Circle Wealth Management LLC now owns 4,232 shares of the Internet television network’s stock valued at $740,000 after purchasing an additional 931 shares during the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Netflix by 52.4% during the second quarter. Claro Advisors LLC now owns 2,597 shares of the Internet television network’s stock valued at $454,000 after purchasing an additional 893 shares during the last quarter. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Citigroup lifted their target price on shares of Netflix from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, September 16th. Credit Suisse Group boosted their price objective on shares of Netflix from $263.00 to $271.00 and gave the stock a “neutral” rating in a report on Wednesday, October 19th. Bank of America restated a “buy” rating and issued a $370.00 price objective on shares of Netflix in a report on Tuesday, November 15th. Jefferies Financial Group decreased their price objective on shares of Netflix from $243.00 to $230.00 in a report on Wednesday, September 7th. Finally, Cowen boosted their price objective on shares of Netflix from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 19th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $311.13.

Netflix Price Performance

Shares of NFLX traded up $4.81 during trading hours on Thursday, reaching $291.50. 5,918,988 shares of the stock traded hands, compared to its average volume of 9,889,523. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $676.41. The company’s 50-day moving average price is $258.78 and its two-hundred day moving average price is $223.24. The company has a market cap of $129.72 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.28 and a beta of 1.28.

Netflix (NASDAQ:NFLXGet Rating) last released its earnings results on Tuesday, October 18th. The Internet television network reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.97. Netflix had a net margin of 16.03% and a return on equity of 27.64%. The company had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter in the previous year, the company earned $3.19 EPS. Netflix’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 10.27 earnings per share 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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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