Fielder Capital Group LLC Acquires Shares of 885 Netflix, Inc. (NASDAQ:NFLX)

Fielder Capital Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel reports. The fund bought 885 shares of the Internet television network’s stock, valued at approximately $431,000.

A number of other institutional investors have also modified their holdings of the business. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC increased its holdings in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. purchased a new stake in shares of Netflix during the fourth quarter worth approximately $41,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,141 shares of company stock valued at $90,796,396. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Pivotal Research lifted their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Rosenblatt Securities cut their target price on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. KeyCorp upped their price objective on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Macquarie increased their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $631.15.

Netflix Stock Performance

NFLX traded up $9.03 during trading on Tuesday, reaching $606.00. 3,487,056 shares of the company were exchanged, compared to its average volume of 4,417,740. The stock has a market cap of $261.16 billion, a P/E ratio of 41.69, a PEG ratio of 1.40 and a beta of 1.23. The firm has a 50 day moving average of $602.76 and a 200 day moving average of $530.17. Netflix, Inc. has a 52 week low of $322.03 and a 52 week high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company 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.