Netflix, Inc. (NASDAQ:NFLX) Stake Lessened by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,705,298 shares of the Internet television network’s stock after selling 115,347 shares during the period. Netflix comprises approximately 2.0% of Baillie Gifford & Co.’s holdings, making the stock its 11th biggest position. Baillie Gifford & Co. owned 1.73% of Netflix worth $2,886,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LA Financiere DE L Echiquier lifted its holdings in Netflix by 33.5% during the 1st quarter. LA Financiere DE L Echiquier now owns 51,400 shares of the Internet television network’s stock worth $19,254,000 after buying an additional 12,900 shares during the last quarter. O Dell Group LLC raised its position in shares of Netflix by 32.9% during the 1st quarter. O Dell Group LLC now owns 372 shares of the Internet television network’s stock valued at $139,000 after acquiring an additional 92 shares in the last quarter. MCF Advisors LLC bought a new position in Netflix during the first quarter worth $105,000. Russell Investments Group Ltd. boosted its holdings in Netflix by 24.7% in the first quarter. Russell Investments Group Ltd. now owns 368,118 shares of the Internet television network’s stock worth $137,959,000 after purchasing an additional 72,954 shares during the period. Finally, Financial Architects Inc increased its stake in Netflix by 13.8% during the first quarter. Financial Architects Inc now owns 852 shares of the Internet television network’s stock valued at $319,000 after purchasing an additional 103 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

NASDAQ NFLX traded up $0.78 on Friday, hitting $175.65. 100,561 shares of the stock were exchanged, compared to its average volume of 10,990,677. The company’s 50-day moving average price is $187.40 and its two-hundred day moving average price is $347.48. The company has a market capitalization of $78.04 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.99 and a beta of 1.28. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $700.99. 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 (NASDAQ:NFLXGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.61. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the company posted $3.75 earnings per share. Netflix’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 10.93 EPS for the current fiscal year.

A number of brokerages recently weighed in on NFLX. Oppenheimer downgraded shares of Netflix from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 20th. Truist Financial dropped their price target on Netflix from $300.00 to $210.00 and set a “hold” rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered Netflix from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $265.00 to $186.00 in a research report on Thursday, June 9th. Citigroup dropped their target price on Netflix from $450.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, April 21st. Finally, Rosenblatt Securities started coverage on shares of Netflix in a report on Tuesday, April 19th. They set a “neutral” rating and a $354.00 price target for the company. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $353.77.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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