Rakuten Investment Management Adds $7M in Netflix, Inc. ($NFLX)
Key Points
- Rakuten Investment Management changed its Netflix, Inc. ($NFLX) stake by 11.5% last quarter, boosting to 876,812 shares worth $70.00 million.
- Wall Street's consensus rating on $NFLX is Buy and an average price target of $114.15.
- $NFLX last traded around $79.83.
Rakuten Investment Management increased its position in Netflix, Inc. ($NFLX) by 11.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 876,812 shares of Netflix, Inc. after buying 90,172 shares during the quarter. Rakuten Investment Management's holdings in Netflix, Inc. were worth $70.00 million as of its most recent filing.
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About Netflix, Inc.
Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages. It also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
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