Cambridge Investment Research Advisors Inc. Has $12.28 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Cambridge Investment Research Advisors Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,223 shares of the Internet television network’s stock after selling 2,295 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Netflix were worth $12,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Red Door Wealth Management LLC acquired a new stake in Netflix in the 2nd quarter worth approximately $550,000. Oldfield Partners LLP acquired a new position in shares of Netflix during the second quarter worth approximately $822,000. Koshinski Asset Management Inc. lifted its holdings in shares of Netflix by 29.1% during the second quarter. Koshinski Asset Management Inc. now owns 5,835 shares of the Internet television network’s stock worth $1,020,000 after buying an additional 1,316 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Netflix by 9.7% during the second quarter. Optimum Investment Advisors now owns 1,076 shares of the Internet television network’s stock worth $188,000 after buying an additional 95 shares during the last quarter. Finally, WP Advisors LLC lifted its holdings in shares of Netflix by 209.2% during the second quarter. WP Advisors LLC now owns 24,114 shares of the Internet television network’s stock worth $4,217,000 after buying an additional 16,314 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX stock opened at $237.05 on Friday. The stock’s fifty day moving average is $228.35 and its 200-day moving average is $240.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $105.42 billion, a PE ratio of 21.07, a PEG ratio of 1.69 and a beta of 1.34. Netflix, Inc. has a 52 week low of $162.71 and a 52 week high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping the consensus estimate of $2.90 by $0.30. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.03 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 10.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group cut their price target on Netflix from $355.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, July 15th. Credit Suisse Group cut their price target on Netflix from $350.00 to $263.00 and set a “neutral” rating for the company in a report on Wednesday, July 20th. JPMorgan Chase & Co. upped their price target on Netflix from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. BMO Capital Markets lowered their price objective on Netflix from $405.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Finally, Benchmark cut Netflix from a “hold” rating to a “sell” rating and set a $157.00 price objective on the stock. in a research report on Tuesday, June 14th. Six analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Hold” and a consensus price target of $305.67.

About Netflix

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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