Will This Analyst’s Positive Outlook For Netflix Will Please These Top Institutional Shareholders?
Goldman Sachs analyst Heath Terry jacked up his price target for Netflix (NASDAQ:NFLX), bumping it frpm $125 to $184, although he retained his Neutral rating on the stock. ”We believe the addressable market of subscribers is better defined by the number of “connected consumers” than households,” he said. Terry believes that Netflix’s streaming base will swell to 53 million in the next five years, from the 22 million it’s at now. Although he lowered his estimates for 2013, his projections for 2014 and 2015 were increased substantially.
These institutional firms indicated owning shares of Netflix, Inc. in Q1 2013. They reported owning a total of 80,403 shares on 03/31/2013. The shares closed at $189.28 on 03/31/2013.
Here are the six largest positions in Netflix, Inc. at the end of March 31st, 2013.
British Columbia Investment Management Corp. held 32,875 shares on 03/31/2013 worth $6,223,000. This brought the portfolio total to 0.07%.
Sumitomo Mitsui Asset Management Company LTD held 5,987 shares on 03/31/2013 worth $1,133,000. This brought the portfolio total to 0.03%.
First Citizens Bank & Trust Co. held 5,122 shares on 03/31/2013 worth $969,000. This brought the portfolio total to 0.03%.
Advantus Capital Management Inc. held 4,946 shares on 03/31/2013 worth $936,179. This brought the portfolio total to 0.04%.
Loring Wolcott & Coolidge Fiduciary Advisors LLP held 2,600 shares on 03/31/2013 worth $492,000. This brought the portfolio total to 0.02%.
Fisher Asset Management LLC held 1,460 shares on 03/31/2013 worth $276,000. This brought the portfolio total to 0.0%.
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