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Recent institutional changes show Heartland Bank increased its Netflix shares by 0.9%, now holding 1,770 shares worth $1.2 million. Obermeyer Wood raised their stake by 2.8% to 623 shares valued at $378,000. Private Portfolio Partners boosted shares by 1.7% to 1,042 shares worth $633,000. FAS Wealth Partners raised holdings by 1.5% to 1,164 shares totaling $786,000. Clear Point Advisors increased by 3.9% to 449 shares worth $303,000. Currently, 80.93% of shares are owned by institutional investors.
Netflix Stock Declines 0.4%
NASDAQ NFLX price opened at $706.13. The market cap is $304.34 billion, with a PE ratio of 49.00. It has a 52-week low of $344.73 and a high of $725.26. Moving averages are $672.13 (50-day) and $646.29 (200-day). The current ratio stands at 0.95, with a debt-to-equity of 0.55.
On July 18, Netflix released quarterly earnings showing $4.88 EPS, exceeding estimates of $4.74, with revenue at $9.56 billion. The company reports a 16.8% revenue increase year-over-year.
Analyst Ratings Updates
Analysts have varied views on NFLX shares. Evercore ISI raised its target to $750.00, while Needham & Company set a target of $700.00. Benchmarks and others have adjusted ratings and targets, leading to a consensus Moderate Buy rating with a price target of $686.03.
Insider Transactions
Insider trading includes David A. Hyman selling 20,656 shares at $605.13, totaling about $12.5 million, and Spencer Neumann’s sale of 433 shares at $626.19, totaling $271,140. Insiders sold a combined 179,494 shares in the last three months.
About Netflix
(Free Report) Netflix, Inc provides streaming services including TV series, documentaries, and games on various internet-connected devices.
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