Marietta Wealth Management LLC Acquires Shares of 6,857 Netflix, Inc. (NASDAQ:NFLX)

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Marietta Wealth Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,857 shares of the Internet television network’s stock, valued at approximately $2,569,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Norges Bank acquired a new position in shares of Netflix in the 4th quarter worth approximately $2,612,150,000. BlackRock Inc. lifted its holdings in Netflix by 8.1% during the 4th quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet television network’s stock worth $17,605,636,000 after buying an additional 2,179,427 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Netflix by 30.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,425,804 shares of the Internet television network’s stock worth $3,268,721,000 after buying an additional 1,265,219 shares in the last quarter. Castleview Partners LLC acquired a new position in Netflix during the 4th quarter worth $1,184,000. Finally, TD Asset Management Inc. lifted its holdings in Netflix by 68.6% during the 4th quarter. TD Asset Management Inc. now owns 1,170,044 shares of the Internet television network’s stock worth $704,881,000 after buying an additional 476,263 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors.

NFLX stock traded up $4.02 during trading hours on Wednesday, reaching $174.93. 57,740 shares of the stock were exchanged, compared to its average volume of 8,074,063. The firm’s 50-day moving average is $205.21 and its 200-day moving average is $366.84. The company has a market cap of $77.72 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.91 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 1.05. Netflix, Inc. has a 12 month low of $162.71 and a 12 month high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.61. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the prior year, the business posted $3.75 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 10.94 earnings per share for the current year.

NFLX has been the topic of several research reports. Edward Jones downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Oppenheimer downgraded Netflix from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 20th. UBS Group downgraded Netflix from a “buy” rating to a “neutral” rating and set a $355.00 price objective on the stock. in a report on Wednesday, April 20th. Macquarie cut shares of Netflix to a “sell” rating in a research report on Friday, April 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Netflix from $300.00 to $240.00 in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $360.54.

Netflix Profile (Get Rating)

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.

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