Broadleaf Partners LLC Sells 112 Shares of Netflix, Inc. (NASDAQ:NFLX)

Broadleaf Partners LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,257 shares of the Internet television network’s stock after selling 112 shares during the quarter. Netflix accounts for about 3.4% of Broadleaf Partners LLC’s portfolio, making the stock its 8th largest holding. Broadleaf Partners LLC’s holdings in Netflix were worth $10,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised its stake in Netflix by 267.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 378,996 shares of the Internet television network’s stock valued at $231,316,000 after purchasing an additional 275,804 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Netflix by 1.1% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 24,905 shares of the Internet television network’s stock valued at $15,201,000 after buying an additional 275 shares in the last quarter. Fernbridge Capital Management LP lifted its holdings in shares of Netflix by 46.9% during the 3rd quarter. Fernbridge Capital Management LP now owns 121,640 shares of the Internet television network’s stock worth $74,242,000 after acquiring an additional 38,847 shares during the period. Personal CFO Solutions LLC lifted its holdings in shares of Netflix by 11.1% during the 3rd quarter. Personal CFO Solutions LLC now owns 3,040 shares of the Internet television network’s stock worth $1,855,000 after acquiring an additional 304 shares during the period. Finally, We Are One Seven LLC boosted its position in shares of Netflix by 28.5% during the 3rd quarter. We Are One Seven LLC now owns 5,291 shares of the Internet television network’s stock worth $3,652,000 after acquiring an additional 1,174 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on NFLX. Wedbush cut their target price on Netflix from $342.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Cowen decreased their target price on Netflix from $590.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Netflix from $465.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, April 20th. KeyCorp reduced their price target on shares of Netflix from $725.00 to $620.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 11th. Finally, Piper Sandler lowered shares of Netflix from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $562.00 to $293.00 in a report on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $386.31.

Shares of NASDAQ:NFLX traded down $15.00 during midday trading on Thursday, hitting $189.01. 395,430 shares of the stock traded hands, compared to its average volume of 20,313,546. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $329.90 and its two-hundred day moving average is $481.02. The stock has a market capitalization of $83.97 billion, a PE ratio of 17.15, a P/E/G ratio of 1.04 and a beta of 1.28. Netflix, Inc. has a one year low of $185.60 and a one year high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.63. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. Netflix’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.75 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 10.88 earnings per share for the current year.

Netflix Company 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.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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