Barton Investment Management Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Barton Investment Management cut its holdings in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 404,479 shares of the Internet television network’s stock after selling 14,209 shares during the period. Netflix accounts for approximately 14.3% of Barton Investment Management’s portfolio, making the stock its 2nd biggest holding. Barton Investment Management owned 0.09% of Netflix worth $70,731,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mmbg Investment Advisors CO. acquired a new stake in Netflix during the fourth quarter valued at approximately $847,000. ETF Managers Group LLC raised its stake in shares of Netflix by 4.8% in the fourth quarter. ETF Managers Group LLC now owns 1,306 shares of the Internet television network’s stock valued at $799,000 after acquiring an additional 60 shares during the last quarter. Jag Capital Management LLC raised its stake in shares of Netflix by 62.4% in the fourth quarter. Jag Capital Management LLC now owns 10,750 shares of the Internet television network’s stock valued at $6,476,000 after acquiring an additional 4,131 shares during the last quarter. LPL Financial LLC raised its stake in shares of Netflix by 6.0% in the fourth quarter. LPL Financial LLC now owns 322,921 shares of the Internet television network’s stock valued at $194,570,000 after acquiring an additional 18,365 shares during the last quarter. Finally, LMR Partners LLP raised its stake in shares of Netflix by 89.8% in the fourth quarter. LMR Partners LLP now owns 12,470 shares of the Internet television network’s stock valued at $7,512,000 after acquiring an additional 5,899 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NFLX shares. Credit Suisse Group cut their target price on shares of Netflix from $350.00 to $263.00 and set a “neutral” rating for the company in a research note on Wednesday, July 20th. Guggenheim dropped their price objective 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. Barclays dropped their price objective on shares of Netflix from $275.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 6th. Bank of America dropped their price objective on shares of Netflix to $196.00 in a research report on Thursday, June 23rd. Finally, Jefferies Financial Group dropped their target price on shares of Netflix from $243.00 to $230.00 in a research report on Wednesday, September 7th. Six research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $305.67.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $12.41 during midday trading on Friday, reaching $224.64. 378,645 shares of the company were exchanged, compared to its average volume of 8,943,043. The stock’s 50-day moving average price is $228.35 and its 200-day moving average price is $240.66. The stock has a market cap of $99.90 billion, a P/E ratio of 20.44, a PEG ratio of 1.65 and a beta of 1.34. Netflix, Inc. has a one year low of $162.71 and a one year high of $700.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.30. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $2.97 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 10.04 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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