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Netflix Institutional Investment Activity
Recently, several institutional investors adjusted their Netflix holdings. Heartland Bank increased its stake by 0.9% in Q2, owning 1,770 shares worth $1.2 million. Obermeyer Wood raised its position by 2.8% in Q1, owning 623 shares valued at $378,000. Private Portfolio Partners and FAS Wealth Partners also boosted their positions by 1.7% and 1.5%, respectively. Meanwhile, Clear Point Advisors increased its stake by 3.9% in Q2. Approximately 80.93% of Netflix stock is owned by institutional investors.
Netflix Stock Overview
On Wednesday, NFLX was down 0.4%, opening at $706.13, with a market cap of $304.34 billion. The stock’s 52-week range is $344.73 to $725.26, and it has a current PE ratio of 49.00.
Quarterly Earnings Summary
In its latest earnings report on July 18, Netflix exceeded estimates with $4.88 EPS against a forecast of $4.74, and revenue reached $9.56 billion, showing a 16.8% year-over-year growth.
Analyst Ratings
Recent analyst ratings include Evercore ISI raising Netflix’s price target to $750, while Needham maintains a “buy” with a $700 target. The consensus estimate is a “Moderate Buy” with a price target of $686.03.
Insider Transactions
Insider David A. Hyman sold 20,656 shares recently for $12.5 million, while CFO Spencer Neumann sold 433 shares. Corporate insiders have sold 179,494 shares totaling $118 million over the last three months.
About Netflix
Netflix, Inc offers streaming entertainment services, including TV series, films, and games, accessible on various internet-connected devices.
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