TIAA CREF Investment Management LLC cut its position in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,381,344 shares of the Internet television network’s stock after selling 88,517 shares during the period. TIAA CREF Investment Management LLC’s holdings in Netflix were worth $457,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Balentine LLC lifted its position in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after acquiring an additional 500 shares during the period. James Hambro & Partners bought a new stake in shares of Netflix during the 4th quarter valued at $106,000. Duncker Streett & Co. Inc. lifted its position in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares during the period. Crewe Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at $149,000. Finally, Goodman Financial Corp bought a new stake in shares of Netflix during the 4th quarter valued at $163,000. Institutional investors and hedge funds own 81.64% of the company’s stock.
Several analysts recently weighed in on NFLX shares. Piper Jaffray Companies upped their price objective on Netflix to $360.00 and gave the stock an “overweight” rating in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $340.00 price objective (up from $302.00) on shares of Netflix in a research report on Friday. Stifel Nicolaus downgraded Netflix from a “buy” rating to a “hold” rating and upped their price objective for the stock from $283.00 to $325.00 in a research report on Tuesday, March 6th. UBS Group upped their price objective on Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Finally, Macquarie upped their price objective on Netflix from $275.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, March 5th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $244.79.
Netflix, Inc. (NASDAQ:NFLX) opened at $322.84 on Tuesday. The firm has a market capitalization of $143,827.86, a price-to-earnings ratio of 257.04, a PEG ratio of 4.55 and a beta of 0.96. Netflix, Inc. has a 52-week low of $138.66 and a 52-week high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current year.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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