Fulton Breakefield Broenniman LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,114 shares of the Internet television network’s stock after acquiring an additional 539 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Netflix were worth $1,008,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Winthrop Partners WNY LLC boosted its stake in shares of Netflix by 64.9% in the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 37 shares during the period. 1 North Wealth Services LLC acquired a new position in Netflix in the 3rd quarter worth $25,000. Intercontinental Wealth Advisors LLC lifted its holdings in Netflix by 100.0% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after buying an additional 48 shares in the last quarter. Fulcrum Equity Management acquired a new position in Netflix in the 3rd quarter worth $27,000. Finally, CX Institutional purchased a new position in Netflix in the 3rd quarter valued at about $35,000. 80.80% of the stock is owned by hedge funds and other institutional investors.
NFLX traded down $0.23 on Tuesday, hitting $338.69. 7,163,513 shares of the company’s stock were exchanged, compared to its average volume of 5,390,716. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average of $320.21 and a two-hundred day moving average of $308.30. Netflix, Inc. has a twelve month low of $252.28 and a twelve month high of $385.99. The firm has a market cap of $148.05 billion, a PE ratio of 126.38, a P/E/G ratio of 2.01 and a beta of 1.28.
Netflix (NASDAQ:NFLX) last issued its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.42. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. Netflix’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, analysts predict that Netflix, Inc. will post 3.33 EPS for the current year.
In related news, CEO Reed Hastings sold 54,516 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $312.04, for a total value of $17,011,172.64. Following the sale, the chief executive officer now owns 54,516 shares of the company’s stock, valued at approximately $17,011,172.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.72% of the stock is currently owned by corporate insiders.
Several research analysts recently commented on the company. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Robert W. Baird lowered their price objective on Netflix from $370.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Nomura restated a “hold” rating and set a $330.00 price objective on shares of Netflix in a research note on Friday, December 20th. Oppenheimer dropped their price objective on Netflix from $410.00 to $385.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $425.00 target price on shares of Netflix in a research report on Tuesday, January 7th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $373.29.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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