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Recent changes in Netflix’s institutional investments include Heartland Bank & Trust increasing its stake by 0.9%, now holding 1,770 shares valued at $1.195M. Obermeyer Wood added 2.8%, owning 623 shares worth $378K, while Private Portfolio Partners raised their stake by 1.7% to 1,042 shares valued at $633K. FAS Wealth Partners increased theirs by 1.5% to 1,164 shares worth $786K, and Clear Point Advisors raised theirs by 3.9%, holding 449 shares valued at $303K. Hedge funds and institutional investors own 80.93% of the stock.
Netflix Stock Update
NASDAQ NFLX opened at $706.13, with a market cap of $304.34B, PE ratio of 49.00, and a 52-week range of $344.73 – $725.26. The company posted earnings of $4.88 per share, exceeding the expected $4.74, with quarterly revenue of $9.56B, up 16.8% year-over-year.
Analyst Ratings
Evercore ISI raised Netflixs target from $710.00 to $750.00 with an outperform rating. Needham reaffirmed a buy at $700.00, while Benchmark set a sell rating at $545.00. The consensus rating is Moderate Buy, with a target of $686.03.
Insider Transactions
Insider sales include David A. Hyman selling 20,656 shares at $605.13, totaling over $12.49M. CFO Spencer Adam Neumann sold 433 shares at $626.19, totaling $271K. In three months, insiders sold 179,494 shares worth $118.2M, with insiders owning 1.76% of stocks.
About Netflix
Netflix, Inc offers a range of entertainment, including TV series, documentaries, and films, to members via various internet-connected devices.
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