Mutual of America Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,327 shares of the Internet television network’s stock after purchasing an additional 306 shares during the period. Mutual of America Capital Management LLC’s holdings in Netflix were worth $21,074,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Netflix in the third quarter valued at $108,000. Perennial Advisors LLC raised its holdings in Netflix by 2,021.4% in the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after acquiring an additional 283 shares in the last quarter. CSat Investment Advisory L.P. acquired a new stake in Netflix in the second quarter valued at $117,000. Atlas Capital Advisors LLC acquired a new stake in Netflix in the third quarter valued at $113,000. Finally, Westside Investment Management Inc. raised its holdings in Netflix by 225.5% in the third quarter. Westside Investment Management Inc. now owns 332 shares of the Internet television network’s stock valued at $117,000 after acquiring an additional 230 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. BidaskClub upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Friday. Macquarie set a $315.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Monday, November 26th. Robert W. Baird reiterated a “neutral” rating and set a $380.00 target price on shares of Netflix in a research note on Monday, November 19th. ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Finally, MKM Partners upped their price target on shares of Netflix from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $376.99.
NFLX opened at $286.13 on Monday. Netflix, Inc. has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $124.78 billion, a PE ratio of 228.90, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business earned $0.29 earnings per share. Netflix’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 2.65 EPS for the current year.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
See Also: How Short Selling Works
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.