Masso Torrence Wealth Management Inc. Purchases Shares of 3,280 Netflix, Inc. (NASDAQ:NFLX)

Masso Torrence Wealth Management Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,280 shares of the Internet television network’s stock, valued at approximately $1,976,000. Netflix comprises 1.4% of Masso Torrence Wealth Management Inc.’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Field & Main Bank purchased a new stake in Netflix during the 4th quarter valued at about $30,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Netflix in the 4th quarter valued at about $30,000. Paragon Capital Management Ltd acquired a new position in shares of Netflix in the 4th quarter valued at about $31,000. Accel Wealth Management lifted its holdings in shares of Netflix by 85.7% in the 4th quarter. Accel Wealth Management now owns 65 shares of the Internet television network’s stock valued at $39,000 after buying an additional 30 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of Netflix in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

NASDAQ:NFLX traded up $2.19 during trading hours on Tuesday, reaching $175.29. 150,422 shares of the stock were exchanged, compared to its average volume of 11,355,013. 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 has a 50-day moving average of $317.31 and a two-hundred day moving average of $468.94. Netflix, Inc. has a twelve month low of $172.30 and a twelve month high of $700.99. The company has a market capitalization of $77.88 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.94 and a beta of 1.28.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.61. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $3.75 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 10.88 EPS for the current fiscal year.

Several brokerages have recently issued reports on NFLX. Rosenblatt Securities began coverage on Netflix in a report on Tuesday, April 19th. They issued a “neutral” rating and a $354.00 price objective for the company. JPMorgan Chase & Co. cut Netflix from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $605.00 to $300.00 in a report on Wednesday, April 20th. Guggenheim reduced their price target on Netflix from $555.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Needham & Company LLC raised Netflix from an “underperform” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Citigroup reduced their price target on Netflix from $450.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, April 21st. Three research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $386.31.

About Netflix (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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