Fidelis Capital Partners LLC Buys 798 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fidelis Capital Partners LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,906 shares of the Internet television network’s stock after buying an additional 798 shares during the period. Fidelis Capital Partners LLC’s holdings in Netflix were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Western Wealth Management LLC boosted its holdings in Netflix by 35.3% during the fourth quarter. Western Wealth Management LLC now owns 5,729 shares of the Internet television network’s stock worth $2,789,000 after buying an additional 1,496 shares during the last quarter. Ninety One SA PTY Ltd acquired a new stake in shares of Netflix during the fourth quarter worth about $16,557,000. Ninety One UK Ltd acquired a new stake in shares of Netflix during the fourth quarter worth about $16,168,000. Wright Investors Service Inc. raised its position in shares of Netflix by 30.8% during the fourth quarter. Wright Investors Service Inc. now owns 4,154 shares of the Internet television network’s stock worth $2,022,000 after purchasing an additional 977 shares during the period. Finally, ESG Planning acquired a new stake in shares of Netflix during the fourth quarter worth about $243,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. TD Cowen raised their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Canaccord Genuity Group raised their price target on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein raised their price target on Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Barclays raised their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lifted their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $614.75.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $3.13 during midday trading on Thursday, hitting $610.56. 8,292,291 shares of the company’s stock were exchanged, compared to its average volume of 4,290,592. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company’s 50 day moving average price is $604.73 and its 200 day moving average price is $511.17. The firm has a market capitalization of $264.23 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the company posted $2.88 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at $237,284,217. The disclosure for this sale can be found here. In the last three months, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by company insiders.

About Netflix

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.