Chevy Chase Trust Holdings LLC Acquires 2,475 Shares of Netflix, Inc. (NASDAQ:NFLX)

Chevy Chase Trust Holdings LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,130 shares of the Internet television network’s stock after buying an additional 2,475 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Netflix worth $64,541,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NFLX. Country Club Bank GFN increased its holdings in Netflix by 8.2% in the third quarter. Country Club Bank GFN now owns 5,945 shares of the Internet television network’s stock valued at $1,425,000 after purchasing an additional 451 shares during the period. Gratus Capital LLC bought a new position in shares of Netflix during the 3rd quarter worth about $260,000. Bridgewater Associates LP boosted its position in shares of Netflix by 3,001.6% during the 2nd quarter. Bridgewater Associates LP now owns 124,840 shares of the Internet television network’s stock worth $21,831,000 after purchasing an additional 120,815 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Netflix by 37.6% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,811 shares of the Internet television network’s stock worth $1,132,000 after purchasing an additional 1,314 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new position in Netflix in the 2nd quarter valued at about $302,000. 77.26% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 1.1 %

Shares of NASDAQ:NFLX opened at $360.00 on Wednesday. The firm has a fifty day moving average price of $307.15 and a two-hundred day moving average price of $262.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.17 and a quick ratio of 1.14. Netflix, Inc. has a one year low of $162.71 and a one year high of $458.48. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.89 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.06%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 10.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. StockNews.com began coverage on shares of Netflix in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Argus increased their price objective on shares of Netflix from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Monday. Barclays increased their price objective on shares of Netflix from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, January 20th. Loop Capital increased their price objective on shares of Netflix from $225.00 to $320.00 in a research note on Tuesday, January 17th. Finally, Evercore ISI increased their price objective on shares of Netflix from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Hold” and an average price target of $342.36.

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.

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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