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Netflix Stock Movements
Recent changes in institutional ownership of Netflix include Heartland Bank increasing its stake by 0.9% to 1,770 shares, worth $1.2M. Obermeyer Wood and Private Portfolio Partners also raised their positions by 2.8% and 1.7%, respectively. In total, hedge funds hold 80.93% of Netflix stock.
Stock Performance
NASDAQ NFLX is currently priced at $706.13 with a market cap of $304.34 billion. The stock has fluctuated between $344.73 and $725.26 in the past year, and it reported a P/E ratio of 49.00.
Earnings Results
For Q2, Netflix reported earnings of $4.88 per share, exceeding estimates. Revenue was $9.56 billion, a 16.8% increase year-over-year. Analysts predict an EPS of 19.08 for the current fiscal year.
Analyst Ratings
Analysts are optimistic, with Evercore ISI raising their price target to $750.00. Generally, Netflix has a “Moderate Buy” rating with a consensus price target of $686.03.
Insider Transactions
Insider David A. Hyman sold 20,656 shares at $605.13 each recently, totaling over $12.4M. Insider sales over the past three months reached 179,494 shares, valued at about $118.2M.
About Netflix
Netflix, Inc offers streaming services for TV series, films, and games, accessible on various internet-connected devices.
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