Fidelis Capital Partners LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fidelis Capital Partners LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 37.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,906 shares of the Internet television network’s stock after acquiring an additional 798 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Netflix were worth $1,415,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Spartan Planning & Wealth Management bought a new stake in Netflix during the 3rd quarter valued at approximately $26,000. Carmel Capital Partners LLC boosted its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America lifted their price objective on Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Wedbush boosted their price target on Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price target on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Pivotal Research upped their price objective on Netflix from $700.00 to $765.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $614.75.

Netflix Stock Performance

Netflix stock traded down $3.13 during trading on Thursday, reaching $610.56. The company had a trading volume of 8,292,291 shares, compared to its average volume of 4,290,592. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The firm’s 50-day simple moving average is $604.73 and its 200 day simple moving average is $511.17. The firm has a market capitalization of $264.23 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the firm earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock valued at $151,619,811 over the last ninety days. 2.45% of the stock is currently 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.