MONECO Advisors LLC Buys 116 Shares of Netflix, Inc. (NASDAQ:NFLX)

MONECO Advisors LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,720 shares of the Internet television network’s stock after buying an additional 116 shares during the quarter. MONECO Advisors LLC’s holdings in Netflix were worth $1,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sageworth Trust Co bought a new position in shares of Netflix during the fourth quarter valued at about $29,000. Core Alternative Capital boosted its holdings in shares of Netflix by 76.5% during the fourth quarter. Core Alternative Capital now owns 60 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 26 shares during the period. Steward Financial Group LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $39,000. Standard Family Office LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $40,000. Finally, Bivin & Associates Inc. purchased a new stake in Netflix in the fourth quarter worth about $42,000. 80.97% of the stock is owned by institutional investors.

Netflix Stock Performance

NFLX traded down $3.49 during trading on Friday, hitting $226.42. The stock had a trading volume of 161,348 shares, compared to its average volume of 13,504,563. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $100.69 billion, a P/E ratio of 20.44, a PEG ratio of 1.57 and a beta of 1.36. The company’s 50-day moving average price is $194.22 and its 200 day moving average price is $281.90. Netflix, Inc. has a twelve month low of $162.71 and a twelve month high of $700.99.

Netflix (NASDAQ:NFLX – Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.24. The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. Netflix’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 10.06 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Netflix from $300.00 to $270.00 in a research report on Wednesday, July 20th. Macquarie raised their price target on shares of Netflix from $150.00 to $170.00 and gave the company an “underperform” rating in a research report on Wednesday, July 20th. Evercore ISI reduced their price target on shares of Netflix from $300.00 to $245.00 and set an “in-line” rating for the company in a research report on Thursday, July 7th. Guggenheim reduced their price target on shares of Netflix from $350.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, June 2nd. Finally, Wedbush raised shares of Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price target for the company in a research report on Monday, May 16th. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $323.92.

Netflix Profile

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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.